secwatch.observer — SEC 8-K summary
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Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2022-10-21T23:59:59+00:00
Accession:  0000950103-22-018173
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Semtech issues additional $19.5M of 1.625% Convertible Notes due 2027
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- Issued $19.5M additional principal of 1.625% Convertible Senior Notes due 2027 under initial purchasers' over-allotment option.
- Entered additional convertible note hedge transactions covering ~0.5M shares at initial strike ~$37.27 per share.
- Sold additional warrants to acquire ~0.5M shares at initial strike ~$51.15 per share; received ~$2.6M proceeds.
- Used ~$1.8M of net proceeds to pay cost of the additional convertible note hedge transactions.
- Additional Notes have identical terms to the original $300M offering and same indenture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000095010322018173/0000950103-22-018173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000095010322018173/dp182792_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-018173

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