secwatch.observer — SEC 8-K summary
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Issuer:     Hims & Hers Health, Inc. (HIMS)
CIK:        0001773751
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001193125-25-118948
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hims & Hers issues $1B 0% convertible notes due 2030; enters capped call transactions to reduce dilution
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- $1.0B aggregate principal of 0.00% Convertible Senior Notes due 2030 issued May 13, 2025.
- Initial conversion price ~$70.67 per share; conversion rate 14.1493 shares per $1,000 note.
- Capped call transactions with initial cap price $89.95/share cost $47.8M to offset dilution on conversion.
- Notes mature May 15, 2030; redeemable after May 19, 2028 if stock exceeds 130% of conversion price.
- Initial purchasers' $130M option exercised in full on May 9, 2025, bringing total to $1.0B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1773751/000119312525118948/0001193125-25-118948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1773751/000119312525118948/d921356d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-118948

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