Robo.ai Closes Second $12.5M Convertible Note Tranche at $2.20 Fixed Conversion Price
AIIO has more than doubled off its 52-week low of $0.54 on light trading volume (0.3× avg).
Summary
Robo.ai closed the second $12.5 million tranche of its convertible note facility, receiving $11.5 million. The note converts at a fixed $2.20 per share, and the amendment extends the deadline for further draws to November 30, 2026.
Key Events · Financing and Capital Events · AIIO
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Second Note Tranche Closed
Issued $12.5M principal Second Note for $11.5M purchase price on August 28, 2026, under the existing $37.5M convertible note facility.
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Fixed $2.20 Conversion Price
The Second Note converts at a fixed $2.20 per Class B share, slightly below the current $2.21 market price, creating immediate conversion incentive.
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Deadline Extended to November 30
Amendment extends the deadline for additional closing notices to November 30, 2026, leaving up to $12.5M more in potential draws.
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Shareholder Approval Terms Revised
Amendment revises the company's shareholder approval obligations and waives certain second closing conditions, streamlining future draws.
Analysis · AIIO · Manufacturing
Robo.ai has drawn another $12.5 million from its $37.5 million convertible note facility, receiving $11.5 million in cash. The Second Note carries a fixed $2.20 conversion price — below the current $2.21 share price — meaning the investor can convert at a slight discount to today's market. The amendment also extends the window for additional closings to November 30, 2026, keeping up to $12.5 million more in potential dilution on the table. This is the second draw in six weeks, following the initial $12.5 million tranche closed July 17, and continues a pattern of discounted convertible financing that has already registered over 36 million Class B shares for resale.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30.1% of the 2014 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.11%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AIIO was trading at $2.21 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $373.6M. The 52-week trading range was $0.54 to $56.30. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.