Overview
- Uxin entered definitive share subscription agreements totaling $50 million with affiliates of Nio Capital and Prestige Shine Group Limited.
- The company will issue 5,246,589,717 Class A ordinary shares at $0.00953 per share, equivalent to $2.859 per ADS.
- Affiliates of Nio Capital agreed to invest $20 million, with Prestige Shine committing $30 million.
- Management expects the proceeds to fund four to six new superstores in 2026 and to strengthen the company’s balance sheet.
- The transactions remain subject to customary closing conditions as Uxin reports a quarterly operating loss of 36.5 million yuan and a transaction volume of 15,904 units, up 37% sequentially and 126% year over year.