Snap to exchange ~$302M of 0.25% convertible notes for 14M shares of Class A common stock

Snap Inc

Exchange agreements with noteholders covering $302.4M principal of 0.25% Convertible Senior Notes due 2025.
Consideration: 14,011,617 shares of Class A common stock; expected close Sept 1, 2021.
On July 16, 2021, issued 84,174 shares as consideration for an acquisition of a technology company.
Both issuances are unregistered, relying on Section 4(a)(2) or other exemptions.
Notes exchanged reduce debt but dilute existing shareholders by ~1% based on current shares outstanding.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.