Horizon Robotics proposes USD 450 million zero-coupon convertible bond issue

• Horizon Robotics proposed a USD 450 million zero-coupon convertible bond convertible into Class B ordinary shares.
• Maturity set for on or about July 27, 2027.
• Proceeds earmarked to fund an Amendment Agreement, including USD 398.9 million in cash payments to CARIAD.
• Remaining proceeds planned for working capital replenishment, broader corporate purposes.
• Convertible bond issuance not conditional on the earlier convertible loan agreement amendment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Horizon Robotics published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260722-12252985), on July 22, 2026, and is solely responsible for the information contained therein.