logo
WeRide Inc. Announces US$100 Million Share Repurchase Program

WeRide Inc. Announces US$100 Million Share Repurchase Program

Yahoo21-05-2025

NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- WeRide Inc. ('WeRide' or the 'Company') (Nasdaq: WRD), a global leader in autonomous driving technology, today announced that its board of directors has authorized a share repurchase program, under which the Company may repurchase up to US$100 million of its Class A ordinary shares (including in the form of American depositary shares) over the next 12 months.
Jennifer Li, WeRide's Chief Financial Officer and Head of International, said, 'the adoption of the share repurchase program reflects our confidence in our business fundamentals, financial health, and long term outlook, and underscores our commitment to delivering value to shareholders. Supported by a solid technology foundation and robust commercial capabilities, we are well-positioned to invest in growth while also returning capital to our shareholders. This program demonstrates our conviction that WeRide's stock represents a compelling investment opportunity.'
The Company's proposed repurchases may be made from time to time in the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company's board of directors will review the implementation of the share repurchase program periodically and may modify, suspend or terminate the share repurchase program as it shall deem necessary or desirable. The Company expects to fund the repurchases out of its existing cash balance.
About WeRide
WeRide is a global leader and a first mover in the autonomous driving industry, as well as the first publicly traded robotaxi company. Our autonomous driving vehicles have been tested or operated in over 30 cities across 10 countries. Empowered by the smart, versatile, cost-effective, and highly adaptable WeRide One platform, WeRide provides autonomous driving products and services that address a vast array of transportation needs across a diverse range of urban use cases across mobility, logistics, and sanitation. WeRide was named in Fortune Magazine's 2024 'The Future 50' list. For more information, please visit https://www.weride.ai.
Safe Harbor Statement
This press release contains statements that may constitute 'forward-looking' statements pursuant to the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'likely to,' and similar statements. Statements that are not historical facts, including statements about WeRide's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in WeRide's filings with the SEC. All information provided in this press release is as of the date of this press release, and WeRide does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Contacts
Investor inquiries: ir@weride.aiPress inquiries: pr@weride.aiSign in to access your portfolio

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

LEADING EDGE MATERIALS ANNOUNCES UP TO $4,000,000 NON-BROKERED PRIVATE PLACEMENT
LEADING EDGE MATERIALS ANNOUNCES UP TO $4,000,000 NON-BROKERED PRIVATE PLACEMENT

Hamilton Spectator

time9 minutes ago

  • Hamilton Spectator

LEADING EDGE MATERIALS ANNOUNCES UP TO $4,000,000 NON-BROKERED PRIVATE PLACEMENT

LEADING EDGE MATERIALS ANNOUNCES UP TO C$4,000,000 NON-BROKERED PRIVATE PLACEMENT NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER, OR A SOLICITATION OF ANY OFFER, TO BUY OR SUBSCRIBE FOR ANY SECURITIES IN LEADING EDGE MATERIALS IN ANY JURISDICTION. Vancouver, June 10, 2025 – Leading Edge Materials Corp. ('Leading Edge Materials' or the 'Company') (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces the intent to complete a non-brokered private placement of up to 25,000,000 units ('Units') at a price of C$0.16 per Unit for aggregate gross proceeds of up to C$4,000,000 (the 'Private Placement'). Leading Edge Materials intends to use net proceeds for the Company's projects, located in Sweden and Romania and for general working capital and corporate purposes. Each Unit will consist of one (1) common share (each, a 'Common Share') in the capital of the Company and one (1) Common Share purchase warrant (a 'Warrant'). Each Warrant will entitle the holder to purchase one Common Share (a 'Warrant Share') at a price of C$0.32 per Warrant Share until the date which is four (4) years from the closing date of the Private Placement (the 'Closing Date'). The Company expects certain insiders of the Company to participate in the Private Placement. Any participation by insiders in the Private Placement constitutes a 'related party transaction' as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). However, the Company expects to rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 based on the fact that neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company's market capitalization as at the date of this news release. The Private Placement is directed towards Canadian, Nordic and other international investors. All securities issued under the Private Placement, including securities issuable on exercise of the Warrants, will be delivered from Canada and are subject to a hold period expiring four months and one day from the Closing Date. The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. A finders' fees may be payable on a portion of the Private Placement. The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the U.S. or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This news release is not a prospectus under Regulation (EU) 2017/1129 (the 'EU Prospectus Regulation'). The Company has not authorized any offer of securities to the public (as defined in the EU Prospectus Regulation) in any EEA member state and no such prospectus has been or will be prepared in connection with the Private Placement. On behalf of the Board of Directors, Leading Edge Materials Corp. Kurt Budge, CEO For further information, please contact the Company at: info@ Follow us Twitter: Linkedin: About Leading Edge Materials Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high growth technologies such as batteries for electromobility and energy storage and permanent magnets for electric motors and wind power that underpin the clean energy transition towards climate neutrality. The portfolio of projects includes the 100% owned Woxna Graphite mine (Sweden), 100% owned Norra Karr Heavy Rare Earth Elements project (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania). Additional Information This information is information that Leading Edge Materials Corp. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at June 10, 2025 at 23:30 PM Vancouver time. Leading Edge Materials is listed on the TSXV under the symbol 'LEM', OTCQB under the symbol 'LEMIF' and Nasdaq First North Stockholm under the symbol 'LEMSE'. Mangold Fondkommission AB is the Company's Certified Adviser on Nasdaq First North and may be contacted via email CA@ or by phone +46 (0) 8 5030 1550. Reader Advisory This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Leading Edge Materials in any jurisdiction. This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking, including statements with respect to the closing of the Private Placement, the receipt of regulatory approvals, and the use of proceeds from the Private Placement. Although the Company believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include, but are not limited to, fluctuations in market prices, successes of the operations of the Company, the Company's ability to close the Private Placement, the Company's ability to obtain the required regulatory approvals, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Important information for EEA Investors The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Leading Edge Materials in any jurisdiction. Any investment decision in connection with the Private Placement must be made on the basis of all publicly available information relating to the Company and the Company's shares/Units. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. This announcement does not purport to identify or suggest the risks (direct or indirect) which may be associated with an investment in the Company or the new shares/Units. This press release is not a prospectus for the purposes of the EU Prospectus Regulation. Leading Edge Materials has not authorized any offer to the public of Units, shares or rights in any member state of the EEA and no prospectus has been or will be prepared in connection with the Private Placement. In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, 'qualified investors' who are (i) persons having professional experience in matters relating to investments who fall within the definition of 'investment professionals' in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order'); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'relevant persons'). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it. Attachment

Will Tesla revenue soar after Musk-Trump rift? Here's a historic breakdown and 2025 update
Will Tesla revenue soar after Musk-Trump rift? Here's a historic breakdown and 2025 update

Yahoo

time12 minutes ago

  • Yahoo

Will Tesla revenue soar after Musk-Trump rift? Here's a historic breakdown and 2025 update

Tesla has been on a bumpy road in 2025, showing a nearly 10% drop in revenue in the third quarter of this year. Elon Musk, one of the co-founders and prominent figureheads in the United States and beyond, continues to be outspoken and adamant about electric vehicles and the future of the American automotive industry. While political venom stemming from his time overseeing the Department of Government Efficiency (DOGE) was most likely a factor for the drops, some of that possibly shifted with one hit of the send button on X. A new ballgame? Here's a look at Tesla's meteoric rise in revenue each year since 2008 and the current numbers in 2025. Revenue: $15 million Revenue: $112 million Revenue: $117 million Revenue: $204 million Revenue: $413 million Revenue: $2.014 billion Revenue: $3.198 billion Revenue: $4.046 billion Revenue: $7 billion Revenue: $11.759 billion Revenue: $21.461 billion Revenue: $24.578 billion Revenue: $31.536 billion Revenue: $53.823 billion Revenue: $81.462 billion Revenue: $96.773 billion Revenue: $97.69 billion Tesla has endured a 9.23% decrease in Q3: S19.34 billion. Overall, the company is 1.03% up year over year. This article originally appeared on The List Wire: Tesla revenue totals since 2008, when Elon Musk co-founded company Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

InvestHK to Deepen Economic Ties with Canadian Investors and Businesses
InvestHK to Deepen Economic Ties with Canadian Investors and Businesses

Yahoo

time17 minutes ago

  • Yahoo

InvestHK to Deepen Economic Ties with Canadian Investors and Businesses

Hong Kong SAR--(Newsfile Corp. - June 11, 2025) - Associate Director-General of Investment Promotion at Invest Hong Kong (InvestHK) Mr Charles Ng will commence his duty visit to Canada from June 8 to 14 to deepen economic ties with Canadian investors and businesses. "Hong Kong and Canada have long shared a strong and mutually beneficial investment relationship. In 2023, Canada ranked eighth among the major sources of inward direct investment into Hong Kong, contributing over US$34 billion. At the same time, Hong Kong made outward direct investment of around US$10 billion to Canada, reflecting the deep economic ties and two-way confidence between our markets," Mr Ng said. "Hong Kong will continue to play its unique role as both a 'super connector' and a value creator, bridging traditional and emerging markets and unlocking new opportunities for Canadian businesses." During his visit to Waterloo, Toronto and Montreal, Mr Ng will meet with investors, family offices, multinationals, Canadian start-ups, academia and business leaders to explore new opportunities for collaboration and showcase Hong Kong's unique advantages as a launchpad for Asian expansion. Key discussions will focus on leveraging the city's strategic gateway position to Mainland China and its business-friendly environment for scaling operations. Mr Ng will host exclusive roundtables for entrepreneurs and Canada-Hong Kong ecosystem partners to highlight Hong Kong's strengths in wealth management and cross-border investment solutions. He will also participate in networking events to promote Hong Kong FinTech Week x StartmeupHK Festival 2025, inviting Canadian investors and entrepreneurs to visit Hong Kong November 3 to 7, engage with Asia's dynamic markets, and experience the opportunities Hong Kong offers firsthand. Hong Kong and Canada have established longstanding and strong ties across trade, investment, tourism, and cultural exchanges. This relationship was further strengthened by the Investment Promotion and Protection Agreement, which came into effect in September 2016, providing Canadian and Hong Kong investors with a transparent and secure environment to foster cross-border investment. In 2023, Canada ranked as Hong Kong's ninth largest services trading partner, with bilateral trade growing at an average annual rate of 2.2 per cent from 2019 to 2023. Hashtag: #InvestHK The issuer is solely responsible for the content of this announcement. Media Contact: To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store