secwatch.observer — SEC 8-K summary
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Issuer:     IMPINJ INC (PI)
CIK:        0001114995
Form:       8-K
Filed at:   2021-11-05T23:59:59+00:00
Accession:  0001193125-21-321745
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Impinj prices $250M convertible notes at 1.125%, uses proceeds to repurchase existing 2026 notes
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- $250M principal of 1.125% Convertible Senior Notes due 2027, upsized from $225M; initial conversion price ~$111.04/share (42.5% premium).
- Net proceeds ~$278.3M after full exercise of initial purchasers' option; used ~$184.2M to repurchase $76.4M of 2.00% 2026 notes.
- Notes convertible under certain conditions; interest payable semi-annually; cannot be redeemed before Nov 20, 2024.
- Following repurchase, only ~$9.8M of 2026 notes remain outstanding; remainder of proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1114995/000119312521321745/0001193125-21-321745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1114995/000119312521321745/d254542d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-321745

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