secwatch.observer — SEC 8-K summary
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Issuer:     INSMED Inc (INSM)
CIK:        0001104506
Form:       8-K
Filed at:   2024-06-27T23:59:59+00:00
Accession:  0001140361-24-031492
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Insmed calls all $225M convertible notes due 2025; holders can convert to stock at ~$39.16
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- All $225M of 1.75% Convertible Senior Notes due 2025 called for redemption on August 9, 2024.
- Redemption price: 100% of principal plus accrued interest (~$1,001.17 per $1,000 principal).
- Holders may convert before 5pm ET on Aug 8, 2024; conversion rate = 25.5384 shares per $1,000, equivalent to $39.16/share.
- If all converted, up to 5,746,140 shares of common stock will be issued; Company settles conversions in shares.
- Paying agent is Computershare Trust Co., N.A.; notes surrenderable through DTC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104506/000114036124031492/0001140361-24-031492-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104506/000114036124031492/ef20031706_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-031492

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