---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-186438"
form_type: "8-K"
ticker: "EU"
cik: "0001500881"
company_name: "enCore Energy Corp."
filed_at: "2025-08-22T23:59:59+00:00"
generated_at: "2026-05-17T10:33:03.721888+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# enCore closes $115M 5.5% convertible senior notes due 2030; repays $10.6M loan from Boss Energy

## Summary
- $115M aggregate principal of 5.50% Convertible Senior Notes due 2030, upsized from $100M with full exercise of $15M option.
- Conversion price $3.2895 per share, a 27.5% premium over last sale price of $2.58 on August 19, 2025.
- Net proceeds ~$109.8M; used $11.5M for capped call transactions and $10.6M to repay Uranium Loan Agreement with Boss Energy.
- Notes mature August 15, 2030; interest at 5.50% semi-annually; redeemable after August 21, 2028 under certain conditions.
- Issued in a private placement under Rule 144A; common shares issuable upon conversion are unregistered.

## SEC filing metadata
- accession: 0001193125-25-186438
- form_type: 8-K
- ticker: EU
- cik: 0001500881
- company_name: enCore Energy Corp.
- filed_at: 2025-08-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500881/000119312525186438/0001193125-25-186438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500881/000119312525186438/d22267d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-186438
- JSON: https://secwatch.observer/filing/0001193125-25-186438.json
- Plain text: https://secwatch.observer/filing/0001193125-25-186438.txt

## Key facts
- Debt Financings
  enCore Energy Corp. incurred convertible notes of $100.0 million aggregate principal amount with Cantor Fitzgerald & Co. at 5.50% per annum maturing August 15, 2030.
  - Instrument: convertible notes
  - Principal: $100.0 million aggregate principal amount
  - Counterparty: Cantor Fitzgerald & Co.
  - Rate: 5.50% per annum
  - Maturity: August 15, 2030
  - Event: incurrence
  source text: On August 19, 2025, enCore Energy Corp. (the “Company”) agreed to sell to the several initial purchasers (the “Initial Purchasers”), for whom Cantor Fitzgerald & Co. acted as representative (the “Representative”) and the Initial Purchasers agreed to purchase from the Company, $100.0 million aggregate principal amount of the Company’s 5.50% Convertible Senior Notes due 2030
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500881/000119312525186438/0001193125-25-186438-index.htm

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