（Image source: LI Auto）
On April 6th, LI Auto announced a new message, offering up to $750 million of convertible preferred stock.
The initial conversion rate, interest rate, and other terms of these notes have not yet been determined and will be finalized at the time of pricing. LI intends to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $112.5 million of the notes.
The net proceeds from the offering are planned to be used for researching and developing new vehicle models and technologies, operating capital, and other general corporate purposes.
🔗Source: LI Auto
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