Ecarx Holdings Shares Decline on Public Offering

Dow Jones

Mar 28

By Denny Jacob

Ecarx Holdings shares declined 23% in premarket trading on its underwritten public offering.

Shares were trading around $1.74 before the bell. The stock was up 15% over the last year as of Thursday's close.

The mobility-tech provider commenced an underwritten public offering of 25 million Class A ordinary shares. The company intends to grant underwriters a 30-day option to purchase up to about an additional 3.8 million ordinary shares.

Ecarx said it plans to use the net proceeds from the offering primarily for research-and-development initiates, to establish supply-chain networks overseas, and for general corporate purposes.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 28, 2025 06:53 ET (10:53 GMT)

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The company intends to grant underwriters a 30-day option to purchase up to about an additional 3.8 million ordinary shares. \n</p>\n<p>\n  Ecarx said it plans to use the net proceeds from the offering primarily for research-and-development initiates, to establish supply-chain networks overseas, and for general corporate purposes. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 28, 2025 06:53 ET (10:53 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4124","symbol_name":"机动车零配件与设备","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2522352477","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522352477","pubTimestamp":1743159180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Ecarx Holdings shares declined 23% in premarket trading on its underwritten public offering.Shares were trading around $1.74 before the bell. 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The stock was up 15% over the last year as of Thursday's close. \n\n\n  The mobility-tech provider commenced an underwritten public offering of 25 million Class A ordinary shares. The company intends to grant underwriters a 30-day option to purchase up to about an additional 3.8 million ordinary shares. \n\n\n  Ecarx said it plans to use the net proceeds from the offering primarily for research-and-development initiates, to establish supply-chain networks overseas, and for general corporate purposes. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 28, 2025 06:53 ET (10:53 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}