亿咖通科技美股招股说明书(2023-07-03版)

424B31tm231588-19_424b3.htm424B3 TABLEOFCONTENTS PROSPECTUS FiledPursuanttoRule424(b)(3) RegistrationNo.333-271861 ECARXHoldingsInc. 23,871,971CLASSAORDINARYSHARESUNDERLYINGWARRANTS, 291,679,672CLASSAORDINARYSHARESAND 8,872,000WARRANTSTOPURCHASECLASSAORDINARYSHARES ThisprospectusrelatestotheissuancebyECARXHoldingsInc.ofupto23,871,971ofitsClassAordinaryshares,parvalueUS$0.000005pershare(“ClassAOrdinaryShares”),including(i)14,999,971ClassAOrdinarySharesissuableupontheexerciseofwarrantstopurchaseClassAOrdinarySharesatanexercisepriceofUS$11.50pershare,whichwereissuedonDecember20,2022(the“ClosingDate”)inexchangeforthepublicwarrantsofCOVAAcquisitionCorp.(“COVA”)thatwereissuedintheinitialpublicofferingofCOVA(the“PublicWarrants”);and(ii)8,872,000ClassAOrdinarySharesissuableupontheexerciseofwarrantstopurchaseClassAOrdinarySharesatanexercisepriceofUS$11.50pershare,whichwereissuedtoCOVAAcquisitionSponsorLLC(the“Sponsor”)ontheClosingDate(the“SponsorWarrants”,andcollectivelywiththePublicWarrants,the“Warrants”)inexchangefortheprivateplacementwarrantspurchasedbytheSponsorforatotalconsiderationofUS$8,872,000inaprivateplacementconcurrentwiththeinitialpublicofferingofCOVAatapriceofUS$1.00perwarrant. Thisprospectusalsorelatestothepotentialofferandsalefromtimetotimebythesellingsecurityholdersnamedinthisprospectusortheirpledgees,donees,transferees,assigneesorothersuccessorsininterest(thatreceiveanyofthesecuritiesasagift,distribution,orothernon-salerelatedtransfer)(collectively,the“SellingSecurityholders”)ofupto(A)291,679,672ClassAOrdinaryShares,whichinclude(i)73,810,070ClassAOrdinarySharesbeneficiallyownedbySHINELINKVENTURELIMITED,Baidu(HongKong)LimitedandGeelyAutomobileHoldingsLimited(the“LegacyShares”),whichwereoriginallyacquiredatapriceofapproximately(afteraccountingfortheRecapitalizationFactor(asdefinedbelow))US$0.00,US$6.71andUS$9.70persharepriortotheClosingDate,respectively;(ii)144,440,574ClassAOrdinarySharesbeneficiallyownedbyFu&LiIndustriousInnovatorsLimitedand48,960,916ClassAOrdinarySharesissuableupontheconversionof48,960,916ClassBOrdinarySharesbeneficiallyownedbyFu&LiIndustriousInnovatorsLimitedandJie&HaoHoldingLimited(collectively,the“LegacyFounderShares”),whichwereoriginallyacquiredatapriceofapproximately(afteraccountingfortheRecapitalizationFactor(asdefinedbelow))US$0.40,US$0.40,andUS1.17persharepriortotheClosingDate,respectively;(iii)5,250,000ClassAOrdinarySharesissuedtotheSponsor(the“SponsorShares”)ontheClosingDateinexchangefortheClassBordinarysharesofCOVA,whichwerepurchasedbytheSponsoratapriceofapproximatelyUS$0.0048pershare;(iv)8,872,000ClassA OrdinarySharesissuableupontheexerciseoftheSponsorWarrants; (v)3,500,000ClassAOrdinarySharesissuedtoLuminarTechnologies,Inc.andGeelyInvestmentHoldingLtd.(the“StrategicInvestors”andeacha“StrategicInvestor”)ontheClosingDatepursuanttocertainstrategicinvestmentagreementsenteredintoonMay26,2022(the“StrategicInvestmentAgreements”andeacha“StrategicInvestmentAgreement”),atapriceofUS$10.00pershare(“StrategicInvestorShares”);(vi)1,052,632ClassAOrdinarySharesissuedtoLotusTechnologyInc.(“Lotus”)ontheClosingDateasaresultoftheautomaticconversion,ataconversionpriceofUS$9.50,ofUS$10millionaggregateprincipalamountofconvertiblenote(the“LotusNote”)purchasedbyLoutsforapurchasepriceofUS$10millionpursuanttoaconvertiblenotepurchaseagreemententeredintoonMay9,2022(“LotusShares”);(vii)5,793,480ClassAOrdinarySharesissuableuponconversionofconvertiblenotes(the“InvestorNotes”andeachan“InvestorNote”)ataconversionpriceofUS$11.5pershare(subjecttocustomaryadjustmentsontheconversionprice),whichwereissuedtoSPDBInternational(HongKong)LimitedandCNCB(HongKong)InvestmentLimited(the“CBInvestors”andeacha“CBInvestor”)pursuanttoaconvertiblenotepurchaseagreemententeredintoonOctober25,2022(the“CBConversionShares”),wherebytheCBInvestorspurchasedanaggregateprincipalamountofUS$65millionInvestorNotesforapurchasepriceofUS$65million;and(B)8,872,000SponsorWarrants.ThesesecuritiesarebeingregisteredtosatisfycertainregistrationrightsECARXHoldingshasgrantedtopermittheSellingSecurityholderstosellsecuritiesfromtimetotime,inamounts,atpricesandontermsdeterminedatthetimeofoffering.Mr.EricLi(LiShufu),ourcontrollingshareholder,and Mr.ZiyuShen,ourChairmanandChiefExecutiveOfficer,cansellallOrdinarySharesbeneficiallyownedbythemunderthisprospectus,being168,921,032ClassAOrdinaryShares(including(i)144,440,574ClassAOrdinarySharesand (ii)24,480,458ClassAOrdinarySharesissuableupontheconversionof24,480,458ClassBOrdinarySharesbeneficiallyownedby TABLEOFCONTENTS Fu&LiIndustriousInnovatorsLimited,anaffiliateofMr.EricLi(LiShufu))and24,480,458ClassAOrdinaryShares(issuableupontheconversionof24,480,458ClassBOrdinarySharesbeneficiallyownedbyJie&HaoHoldingLimited,anaffiliateofMr.ZiyuShen),respectively,andconstitutingapproximately46.0%and6.7%ofourissuedandoutstandingOrdinarySharesasofJune15,2023(assumingtheexerciseofalloutstandingWarrantsandtheconversionofInvestorNotes),respectively,solongastheregistrationstatementofwhichthisprospectusformsapartisavailab