NIO: Completes $1.16 billion issuance of shares

NIO announcement, the company has completed a $1.16 billion equity issuance, including the issuance of 161 million American depositary shares, each representing one Class A common share of the company, the issuance of 20.995 million Class A common shares of the company, and the issuance of 272.727 million additional American depositary shares pursuant to the option for additional purchase of American depositary shares exercised in full by the underwriters on September 10, 2025. The American depositary shares were sold at a public offering price of $5.57 per American depositary share, and the Class A common shares were sold at an offering price of HK$43.36 per share. The company plans to use the net proceeds for investing in the research and development of core technologies for intelligent electric vehicles, developing future technology platforms and models under its brand, expanding charging and battery swapping networks, further strengthening its balance sheet, and for general corporate purposes.