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ahhuattang
2021-09-08

Still what is the implication of this news anyone?

Nio files to sell up to $2B worth of shares in at-the-market equity offering

$NIO Inc.$ says it filed to sell up to $2B worth of ADSs through an at-the-market equity offering program.The electric vehicle company entered into an equity distribution agreement with the sales agents relating to the at-the-market offering. Sales of the ADSs under the at-the-market offering will be made from time to time or not at all, at Nio's discretion. Sales may be made at market prices prevailing at the time of sale or at negotiated prices.Nio plans to use the proceeds from the at-the-mar

Nio files to sell up to $2B worth of shares in at-the-market equity offering

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Nio files to sell up to $2B worth of shares in at-the-market equity offering

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