NIO(NIO) GlobeNewswire·2024-12-26 10:30Company Overview - NIO Inc is a pioneer and leading company in the global smart electric vehicle market, founded in November 2014 with the mission of "Blue Sky Coming" [3] - The company designs, develops, manufactures, and sells smart electric vehicles, driving innovations in next-generation core technologies [3] - NIO distinguishes itself through continuous technological breakthroughs, exceptional products and services, and a community for shared growth [3] - The company provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand [3] Convertible Notes Repurchase - NIO announced that holders of its 0.50% Convertible Senior Notes due 2027 have the right to require the company to repurchase all or a portion of their Notes on February 1, 2025 [4] - The repurchase price will be 100% of the principal amount plus any accrued and unpaid additional interest up to but excluding February 1, 2025 [10] - As of December 25, 2024, there was 378,525,000 [10] - The opportunity to exercise the Repurchase Right commences at 9:00 a.m. on December 30, 2024, and terminates at 5:00 p.m. on January 30, 2025 [7] - Holders may withdraw any previously tendered Notes at any time prior to 5:00 p.m. on January 30, 2025 [7] Regulatory and Procedural Information - The company will file a Tender Offer Statement on Schedule TO with the SEC as required by SEC rules [6] - Documents specifying the terms, conditions, and procedures for exercising the Repurchase Right will be available through the Depository Trust Company and the paying agent, The Deutsche Bank Trust Company Americas [6] - Materials filed with the SEC will be available electronically without charge at the SEC's website and the company's website [8]