BEIJING, Aug. 31, 2023 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ:NAAS) ("NaaS" or the "Company"), the first U.S. listed EV charging service company in China, today announced that it entered into a convertible note purchase agreement with LMR Partners Limited (the "Investor" or "LMR"), a global multi-strategy investment fund, pursuant to which the Investor will purchase from the Company a convertible note with a principal amount of US$40 million, convertible into American depositary shares ("ADSs") representing the Company's ordinary shares. Concurrently, the Company and the Investor entered into a derivative arrangement with respect to the ADSs.
The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. The convertible note has a 363-day term and interest will be payable on a quarterly basis. The issuance of the securities is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act") and is made in reliance on, and in compliance with, Regulation S under the Securities Act.
About NaaS Technology Inc.
NaaS Technology Inc. is the first U.S. listed EV charging service company in China. The Company is a subsidiary of Newlinks Technology Limited, a leading energy digitalization group in ...