Elanco announces settlement of Tangible Equity Units; will issue ~17.2M shares on Feb 1, 2023

Elanco Animal Health Inc

On Feb 1, 2023, holders receive 1.5625 shares per prepaid stock purchase contract; cash in lieu of fractional shares.
Elanco expects to issue ~17.2 million shares of common stock upon settlement of all outstanding contracts.
Final installment payment on amortizing notes will be made on Feb 1, 2023; Units will then cease to be outstanding.
Tangible Equity Units were originally issued in January 2020 with a 5.00% coupon rate.

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.