Bruker closes $690M 6.375% mandatory convertible preferred stock offering

BRUKER CORP

Issued 2.76M shares of Series A mandatory convertible preferred (BRKRP) at $250 liquidation preference per share, total $690M.
Net proceeds approx. $669.5M after underwriting discounts and expenses; full over-allotment exercised.
Mandatory conversion on Sept 1, 2028 into 6.9534–8.5179 shares of BRKR common per preferred share.
Cumulative dividends at 6.375% p.a., payable quarterly starting Dec 1, 2025; may be paid in cash or common stock.
Restricts common stock dividends and repurchases while preferred is outstanding unless all preferred dividends are paid.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BRUKER CORP: Filed Certificate of Designations to establish terms of 6.375% Mandatory Convertible Preferred Stock, Series A (effective 2025-09-08).

Change: charter amendment
Effective: 2025-09-08

Exact text from the filing

the Company filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware on September 8, 2025 to establish the designations, powers, preferences and rights of the Mandatory Convertible Preferred Stock

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BRUKER CORP filing history →

Source: SEC EDGAR

accession 0001140361-25-034295

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