Robo.ai Corrects Exhibit and Locks In $12.5M Convertible Note Closing
AIIO has more than doubled off its 52-week low of $0.54 on light trading volume (0.1× avg).
Summary
Robo.ai closed the initial $12.5 million tranche of its convertible note facility, issuing a note convertible at $5.81 per share. The filing corrects a prior exhibit and provides full deal documents, confirming terms for up to $37.5 million in total financing.
Key Events · Financing and Capital Events · AIIO
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Initial Note Closing
An institutional investor received a $12.5 million principal amount senior convertible note, with the company taking in $11.5 million in proceeds—an 8% original issue discount.
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Conversion Terms
Conversion occurs at the lower of a fixed $5.81 price or a market-based formula (90% of the lowest VWAP over 10 days, subject to a floor price), and a 110% premium on the conversion amount means potential dilution could run significantly below the current $2.72 share price.
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Total Facility Size
Under the securities purchase agreement, total notes can reach $37.5 million, with a second $12.5 million tranche available once shareholders approve an increase in authorized shares.
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Registration Rights
A registration rights agreement requires the company to file a resale registration statement for the conversion shares within 15 days, adding near-term selling pressure.
Analysis · AIIO · Manufacturing
The initial closing of Robo.ai's convertible note facility is now complete, with a $12.5 million note issued to an institutional investor. Because the note carries a fixed conversion price of $5.81, a 110% conversion premium, and a variable market-based conversion option, dilution could land well above the current $2.72 share price. The filing also corrects a previously filed exhibit and discloses the full purchase and registration rights agreements, locking in terms for up to $37.5 million in total financing. While the deal was announced on July 15, the executed agreements and closing confirmation remove uncertainty and make the dilution overhang concrete.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1594 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. 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 $2.72 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $51.2M. 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.