secwatch.observer — SEC 8-K summary
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Issuer:     RAMBUS INC (RMBS)
CIK:        0000917273
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001193125-22-218524
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Rambus repurchases ~$39M of 2023 convertible notes for ~$57M; remaining $10M outstanding
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- Repurchasing ~$39M aggregate principal of 1.375% Convertible Senior Notes due 2023 for ~$57M cash.
- Cash consideration based on assumed stock price of $26.88; actual amount subject to 10-day measurement period.
- After closing, ~$10M principal of 2023 Notes remain outstanding with unchanged terms.
- Expects to terminate corresponding portions of convertible note hedge and warrant transactions.
- Option counterparties may sell shares of common stock in secondary market as a result of unwinding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/917273/000119312522218524/0001193125-22-218524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/917273/000119312522218524/d382741d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-218524

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