secwatch.observer — SEC 8-K summary
======================================

Issuer:     SEMTECH CORP (SMTC)
CIK:        0000088941
Form:       8-K
Filed at:   2024-07-12T23:59:59+00:00
Accession:  0001193125-24-178043
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 3.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Semtech to exchange $183M convertible notes due 2028 for common stock
---------------------------------------------------------------------

- Approximately $183M aggregate principal of 4.00% Convertible Senior Notes due 2028 exchanged for common stock.
- Exchange expected to close on or about July 24, 2024, subject to customary closing conditions.
- Assuming per share VWAP of $36.90, Semtech would issue ~9.9 million shares of common stock.
- Reaffirms Q2 FY2025 financial outlook; reports fourth consecutive quarter of sequential bookings growth.
- Received initial bookings for products supporting active copper cable applications.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88941/000119312524178043/0001193125-24-178043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88941/000119312524178043/d646893d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-178043

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