Shares of NIO Inc. rose 17.7% % to $24.62 Monday after the electric vehicle manufacturer said it completed its previously announced repurchase right offer relating to its 4.5% convertible senior notes due 2024.
The repurchase right offer expired on Jan. 28 at 5 p.m. ET. The Bank of New York Mellon advised the company that none of the notes were surrendered for repurchase as of the expiration date, according to its latest regulatory filing with the U.S. Securities and Exchange Commission.
Over $163.7 million aggregrate principal amount of the notes remain outstanding and continue to be subject to the existing terms of the indenture and the notes, according to the filing.
Shares of NIO are down 57.6% over the last 12 months.