secwatch.observer — SEC 8-K summary
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Issuer:     Rapid7, Inc. (RPD)
CIK:        0001560327
Form:       8-K
Filed at:   2023-09-18T23:59:59+00:00
Accession:  0001193125-23-236924
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Rapid7 issues additional $40M of 1.25% convertible senior notes due 2029
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- Issued $40M aggregate principal of 1.25% Convertible Senior Notes due 2029 to initial purchasers.
- Additional notes have identical terms to original $260M notes issued September 8, 2023.
- Entered additional capped call transactions costing $4.9M to offset potential dilution upon conversion.
- Initial max conversion rate: 20.4331 shares per $1,000 principal, subject to anti-dilution.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1560327/000119312523236924/0001193125-23-236924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1560327/000119312523236924/d513715d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-236924

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer