Uxin Announces Entry Into Definitive Agreements For Financing Transaction Of Us$100 Million In Replacement Of The Previously Announced Binding Term Sheet
Round Type
Funding Round
BeijingInformation TechnologyCommerce And ShoppingTransportationDescription
Uxin Limited (“Uxin” or the “Company”, together with its subsidiaries, the “Group”) (Nasdaq: UXIN), a leading e-commerce platform for buying and selling used cars in China, today announced that it has entered into definitive agreements with an affiliate of an existing shareholder, Nio Capital, for the subscription of 714,285,714 senior convertible preferred shares of the Company for an aggregate amount of US$100 million, which will be paid in multiple installments. The completion of the transaction is subject to certain customary conditions. Following the closing of the transaction, the issuance of 714,285,714 senior convertible preferred shares will represent approximately 20% of the Company’s total issued ordinary shares on an as-converted and fully diluted basis, considering the anti-dilution adjustment to the previously issued preferred shares of the Company. The binding term sheet previously announced on May 16, 2022 has been replaced with the definitive agreements.
Quick answer
Uxin Limited raised an undisclosed amount in a Funding Round round, dated June 30, 2022. Uxin Limited is based in Beijing, Beijing, China.
- How much did Uxin Limited raise?
- Uxin Limited raised an undisclosed amount in a Funding Round round on June 30, 2022.
- What does Uxin Limited do?
- Uxin Group is China's largest online used car transaction platform.
- Where is Uxin Limited based and how big is it?
- Uxin Limited is based in Beijing, Beijing, China.
- Who are the decision-makers at Uxin Limited?
- Fundz holds 1 contact at Uxin Limited. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Commerce And Shopping and Transportation around the same time
Companies in the same sectors as Uxin Limited that raised within 45 days of this round, from Fundz verified event records.
- Bridger Aerospace raised $160M (Funding Round) on August 11, 2022.
- Wi Tricity raised $63M on August 9, 2022.
- OpenSpace raised an undisclosed amount (Series D) on August 9, 2022.
- Flagship Healthcare Trust raised an undisclosed amount on August 5, 2022.
- Greenbrier raised $150M (Debt Financing) on August 3, 2022.
- Velocia raised $2.5M (Seed) on August 2, 2022.
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