secwatch.observer — SEC 8-K summary
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Issuer:     Xometry, Inc. (XMTR)
CIK:        0001657573
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0001193125-25-139895
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Xometry closes $250M 0.75% convertible notes due 2030; repurchases $202M of 2027 notes
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- Issued $250M aggregate principal of 0.75% Convertible Senior Notes due 2030; initial conversion price ~$47.06 (30% premium over $36.20 close).
- Net proceeds $241.2M; used $17.5M for capped call transactions and $8M to repurchase common stock concurrently.
- Used ~$216.7M to repurchase $201.7M principal of existing 1.00% 2027 notes; ~$85.8M of 2027 notes remain outstanding.
- Capped call transactions with initial cap price of $63.35 per share to reduce potential dilution on conversion.
- Notes mature June 15, 2030; interest payable semi-annually at 0.75% starting December 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657573/000119312525139895/0001193125-25-139895-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657573/000119312525139895/d936959d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-139895

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