NIO Inc - ADR

NYSE:NIO   1:24:34 PM EDT
12.76
-0.66 (-4.88%)
Equity Financing / Related

Greenwing Resources Announces Strategic Funding Transaction With Nio Inc.

Published: 09/26/2022 01:38 GMT
NIO Inc - ADR (NIO) - Announces Strategic Funding Transaction With Nio Inc.nio Has Agreed to Pay A$12 Million to Co to Subscribe for 21.8 Million Greenwing Shares at Issue Price of A$0.55 per Share.
Upon Completion of Placement Nio Will Hold a Shareholding in Co of About 12.16%.
Upon Exercise of Call Option, Nio Will Have Direct Rights to Offtake Production in San Jorge Lithium Project.
Transaction to Enable Greenwing to Accelerate Its Exploration Program at San Jorge Lithium Project in Catamarca Province, Argentina.