SS Innovations sells USD 21.03 million secured convertible promissory note in debt offering

SS Innovations priced a USD 20 million secured convertible promissory note offering to an institutional investor. Note principal totals USD 21.03 million, reflecting a USD 1 million original issue discount, USD 25,000 transaction expenses. Interest set at 8.75% per annum, compounded daily; maturity set for 36 months from Oct. 9, 2026. Investor can convert starting Oct. 9, 2026 at 95% of Market Price, subject to trading-price conditions, daily conversion limits. Debt secured by intellectual property, other company assets; Indian operating subsidiary SSI-India excluded from collateral. 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. SS Innovations International Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-108624), on October 13, 2026, and is solely respo