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Robo.ai Secures Up To $100M Equity Commitment From Yorkville Under 24-Month Standby Purchase Agreement

Benzinga·09/04/2025 10:28:57
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On September 3, 2025 (the "Effective Date"), Robo.ai Inc., a Cayman Islands exempted company (the "Company"), entered into a standby equity purchase agreement (the "Purchase Agreement") with YA II PN, Ltd. ("Yorkville"), pursuant to which the Company shall have the right, but not the obligation, to issue and sell to Yorkville, and Yorkville shall have the obligation to subscribe for, Class B ordinary shares of the Company, par value $0.0001 per share ("Class B Ordinary Shares"), for an aggregate subscription amount of up to $100.0 million (the "Commitment Amount"), at any time during the commitment period of 24 months from the Effective Date (each such occurrence, an "Advance"), subject to the restrictions and satisfaction of the conditions in the Purchase Agreement.