On July 15, 2026, Robo.ai Inc. entered into a securities purchase agreement to issue senior convertible notes with an aggregate original principal amount of up to $37.5 million to an institutional investor. The facility includes two initial closings of $12.5 million in principal each, sold for $11.5 million per note. The notes mature two years from issuance, bear no interest unless an event of default occurs (at which point the rate becomes 14% per annum), and are convertible into Class B ordinary shares. Conversion is subject to a 9.99% beneficial ownership limitation. Net proceeds will be used for general corporate purposes and working capital, with a $1 million cap on using funds for debt satisfaction, security repurchases, or litigation settlements. The company operates in the AI industry and provides robotics-related technology solutions.