secwatch.observer — SEC 8-K summary
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Issuer:     enCore Energy Corp. (EU)
CIK:        0001500881
Form:       8-K
Filed at:   2025-08-22T23:59:59+00:00
Accession:  0001193125-25-186438
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1500881/000119312525186438/0001193125-25-186438-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1500881/000119312525186438/d22267d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-186438

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