Veradigm amends stockholder rights plan, reports $135M net cash as of March 31, 2024

Veradigm Inc.

Board unanimously approved amendment to Rights Agreement, modifying definition of 'Beneficial Owner'.
As of March 31, 2024, cash and cash equivalents of ~$343M, funded debt of $208M (convertible notes).
Net cash position of $135M (cash less funded debt) disclosed per indenture requirements.
Amendment to rights plan effective May 10, 2024; no other material changes to the plan.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Veradigm Inc. amended Amendment No. 1 to Stockholder Rights Plan with Broadridge Corporate Issuer Solutions, LLC (effective 2024-05-10).

Action: amendment
Counterparty: Broadridge Corporate Issuer Solutions, LLC
Effective: 2024-05-10

Exact text from the filing

The Company entered into, that certain Amendment No. 1 to Stockholder Rights Plan (the "Amendment"), which amends the Stockholder Rights Agreement, dated as of February 26, 2024 (the "Rights Agreement"), by and between the Company and Broadridge Corporate Issuer Solutions, LLC, as rights agent

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Source: SEC EDGAR

accession 0001193125-24-136685

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