Cryoport authorizes $200M repurchase program; repurchases $160M convertible notes at 11.5% discount

Cryoport, Inc.

Board authorized up to $200M repurchase of common stock and/or convertible notes, effective Aug 1, 2024 through Dec 31, 2027.
Repurchasing $160M principal of 0.75% Convertible Senior Notes due 2026 at 11.5% discount ($141.6M cash).
Transactions expected to close Aug 9, 2024; $186.2M principal remains outstanding from initial $402.5M.
CEO cites strong cash position enabling debt reduction while maintaining liquidity for growth.

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