secwatch.observer — SEC 8-K summary
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Issuer:     Cryoport, Inc. (CYRX)
CIK:        0001124524
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001104659-21-135725
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cryoport announces $300M convertible notes offering and common stock placement; proceeds to repurchase 2025 notes
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- Announces $300M convertible senior notes due 2026; initial purchasers have option for additional $45M.
- Also proposes registered direct placement of common stock; completion contingent on note offering.
- Net proceeds to repurchase a portion of outstanding 3.00% Convertible Senior Notes due 2025 and for general corporate purposes.
- Notes will be senior unsecured obligations, maturity Dec 1, 2026, settle conversions in cash/stock at Cryoport's election.
- Notes redeemable after Dec 6, 2024 if stock price exceeds 130% of conversion price and liquidity conditions met.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124524/000110465921135725/0001104659-21-135725-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124524/000110465921135725/tm2132221d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-135725

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