November 5, 2025 — Aeva (NASDAQ: AEVA) announced that Apollo Funds will invest $100 million in 4.375% Convertible Senior Notes to bolster Aeva’s commercial growth and expand the adoption of FMCW 4D LiDAR across various applications.
The Apollo Funds will acquire $100 million in 4.375% Convertible Senior Notes due 2032. These notes have an initial conversion price of $15.8643, a 15% premium above Aeva’s stock closing price on November 4, 2025, and will mature on November 15, 2032, bearing a 4.375% annual interest rate. Aeva can settle conversions with cash, common stock, or a mix, at its discretion.
Morgan Stanley is Aeva’s financial advisor. Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP and Fenwick & West, LLP are legal advisors to Aeva, while White & Case LLP advises the Apollo Funds.
Aeva accelerates autonomy with its groundbreaking perception platform that integrates lidar-on-chip technology, system-on-chip processing, and perception algorithms onto silicon leveraging silicon photonics. Aeva 4D LiDAR sensors uniquely detect velocity and position simultaneously, allowing automated devices like vehicles and robots to make more intelligent and safe decisions.
Contact:
[Contact information not found in the press release]
Source: Source: Aeva Technologies, Inc.
