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Uxin Closes $15 Million Share Sale to NIO Capital Units

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Uxin (UXIN) closed a $15 million sale of Class A ordinary shares to entities designated by NIO Capital.

The shares were issued at $0.00953 a share or equivalent to $2.859 per American depositary share, covering part of a $20 million capital commitment made by NIO under subscription agreements on Dec. 26, Uxin said Monday in a statement.

Under the broader accord, NIO affiliates agreed to invest $20 million and Prestige Shine Group committed $30 million, for a combined $50 million in Class A shares at the same price. Uxin said it is working with the investors to close the remaining committed capital, subject to customary conditions.

Price: $1.51, Change: $-0.01, Percent Change: -0.33%

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