Impinj exchanges USD 56.3 million of 1.125% convertible notes due 2027 for cash and shares - PI News | RalliesImpinj exchanges USD 56.3 million of 1.125% convertible notes due 2027 for cash and shares
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PI• Impinj agrees privately negotiated note exchanges
- Impinj entered privately negotiated exchanges for USD 56.3 million of 1.125% Convertible Senior Notes due 2027.
- Holders will receive about USD 56.5 million cash, issued from cash on hand, plus 188,451 shares.
- The exchange is expected to close around Sept. 16, 2026; cash and share amounts adjust through Sept. 14, 2026 measurement.
- Roughly USD 1 million principal of the 2027 Notes will remain outstanding after closing.
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