secwatch.observer — SEC 8-K summary
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Issuer:     Cryoport, Inc. (CYRX)
CIK:        0001124524
Form:       8-K
Filed at:   2021-11-12T23:59:59+00:00
Accession:  0001104659-21-138219
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cryoport issues $402.5M 0.75% convertible notes due 2026, repurchases $100.7M 2025 notes
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- Issued $402.5M principal of 0.75% Convertible Senior Notes due 2026; includes $52.5M from full exercise of initial purchasers' option.
- Initial conversion rate 8.5038 shares per $1,000 principal (conversion price $117.59 per share).
- Registered direct placement of 3,072,038 shares at $81.10 per share.
- Agreed to repurchase ~$100.7M principal of existing 3.00% 2025 notes for ~$351.1M cash.
- Notes redeemable at company's option on/after Dec 6, 2024 if stock price exceeds 130% of conversion price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124524/000110465921138219/0001104659-21-138219-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124524/000110465921138219/tm2132765d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-138219

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer