secwatch.observer — SEC 8-K summary
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Issuer:     RAMBUS INC (RMBS)
CIK:        0000917273
Form:       8-K
Filed at:   2022-03-03T23:59:59+00:00
Accession:  0001193125-22-063536
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Rambus to repurchase $123.1M of 1.375% Convertible Notes due 2023 for ~$184.4M cash
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- Repurchase price based on $27.20 closing stock price; actual cash subject to adjustment over 19-day measurement period ending March 29, 2022.
- Closing expected on or about March 31, 2022; after repurchase, $49.4M principal of 2023 Notes will remain outstanding.
- Rambus also expects to terminate corresponding portions of convertible note hedge and warrant transactions with option counterparties.
- Option counterparties may sell shares of Common Stock in secondary market or unwind derivative transactions shortly after the repurchase.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917273/000119312522063536/0001193125-22-063536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917273/000119312522063536/d282733d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-063536

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