secwatch.observer — SEC 8-K summary
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Issuer:     Cryoport, Inc. (CYRX)
CIK:        0001124524
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001104659-21-136567
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cryoport prices $350M 0.75% convertible notes due 2026 and $248.6M equity placement
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- Upsized $350M aggregate principal of 0.75% convertible notes due Dec 2026; initial purchasers' option for additional $52.5M.
- Initial conversion price ~$117.59 per share, a 45.0% premium over $81.10 closing price on Nov 9, 2021.
- Registered direct placement of 3,072,038 shares at $81.10 with net proceeds ~$248.6M.
- Net proceeds from both offerings used to repurchase ~$100.7M principal of outstanding 3.00% convertible notes due 2025.
- Settlement expected Nov 12, 2021; equity placement contingent on note closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124524/000110465921136567/0001104659-21-136567-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124524/000110465921136567/tm2132379d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-136567

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