secwatch.observer — SEC 8-K summary
======================================

Issuer:     Elanco Animal Health Inc (ELAN)
CIK:        0001739104
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001104659-23-008591
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739104/000110465923008591/0001104659-23-008591-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739104/000110465923008591/tm234667d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-008591

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