---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-183696"
form_type: "8-K"
ticker: "EU"
cik: "0001500881"
company_name: "enCore Energy Corp."
filed_at: "2025-08-20T23:59:59+00:00"
generated_at: "2026-05-17T11:08:25.171564+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# enCore Energy prices $100M convertible notes at 5.50% due 2030; upsized from $75M

## Summary
- Initial conversion price of $3.29/share, 27.5% premium over Aug 19 close of $2.58.
- Net proceeds ~$95.3M (or $109.8M with greenshoe); $10.6M used to repay loan, remainder for general corporate purposes.
- Capped call transactions with cap price $4.52/share (75% premium) to reduce dilution upon conversion.
- Notes bear 5.50% interest, semi-annual; mature Aug 15, 2030; redeemable after Aug 21, 2028 if stock exceeds 130% of conversion price.

## SEC filing metadata
- accession: 0001193125-25-183696
- form_type: 8-K
- ticker: EU
- cik: 0001500881
- company_name: enCore Energy Corp.
- filed_at: 2025-08-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500881/000119312525183696/0001193125-25-183696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500881/000119312525183696/d40240d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-183696
- JSON: https://secwatch.observer/filing/0001193125-25-183696.json
- Plain text: https://secwatch.observer/filing/0001193125-25-183696.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.