Naas technology inc. announces us$40 million private placement of convertible note

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.
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