---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-086305"
form_type: "8-K"
ticker: "CYRX"
cik: "0001124524"
company_name: "Cryoport, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:08:02.799467+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-086305
- form_type: 8-K
- ticker: CYRX
- cik: 0001124524
- company_name: Cryoport, Inc.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1124524/000110465924086305/0001104659-24-086305-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1124524/000110465924086305/tm2421008-1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-086305
- JSON: https://secwatch.observer/filing/0001104659-24-086305.json
- Plain text: https://secwatch.observer/filing/0001104659-24-086305.txt

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