secwatch.observer — SEC 8-K summary
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Issuer:     Cryoport, Inc. (CYRX)
CIK:        0001124524
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001104659-24-086305
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1124524/000110465924086305/0001104659-24-086305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1124524/000110465924086305/tm2421008-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-086305

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