---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-036192"
form_type: "8-K"
ticker: "INVA"
cik: "0001080014"
company_name: "Innoviva, Inc."
filed_at: "2022-03-21T23:59:59+00:00"
generated_at: "2026-06-26T21:15:11.453299+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Innoviva closes additional $36M of 2.125% convertible notes due 2028; total notes now $261M

## Summary
- Issued $36M aggregate principal additional convertible notes; net proceeds ~$34.5M after discounts and expenses.
- Notes mature 2028, same terms as $225M initial notes; capped call transactions entered to limit dilution.
- Capped call cap price initially $33.9850/share (~75% premium to March 2 closing price).
- Up to 1,853,759 shares issuable upon conversion of additional notes; total across all notes up to 13,439,751 shares.
- Proceeds used $2.9M for capped call costs; remainder for general corporate purposes.

## SEC filing metadata
- accession: 0001104659-22-036192
- form_type: 8-K
- ticker: INVA
- cik: 0001080014
- company_name: Innoviva, Inc.
- filed_at: 2022-03-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080014/000110465922036192/0001104659-22-036192-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080014/000110465922036192/tm2210014d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-036192
- JSON: https://secwatch.observer/filing/0001104659-22-036192.json
- Plain text: https://secwatch.observer/filing/0001104659-22-036192.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.