Veeco exchanges all $25M remaining 3.75% convertible notes for stock and cash

VEECO INSTRUMENTS INC

Exchanged $25M aggregate principal of 2027 Convertible Notes for ~1.64M newly issued shares and $5.4M cash.
Notes cancelled and the related Indenture satisfied; company released from obligations.
CFO says transactions strengthen balance sheet, reduce interest expense and outstanding debt.
Follows settlement of 2025 Notes at maturity in January 2025, increasing financial flexibility.

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