secwatch.observer — SEC 8-K summary
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Issuer:     ONTO INNOVATION INC. (ONTO)
CIK:        0000704532
Form:       8-K
Filed at:   2026-05-18T11:53:10+00:00
Accession:  0001193125-26-227915
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Onto Innovation announces $1.1B convertible notes offering due 2031, $300M share repurchase
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- Offering of $1.1B aggregate principal amount of convertible senior notes due 2031; option for additional $165M.
- Up to ~$300M of net proceeds used to repurchase common stock concurrently with pricing.
- Remaining proceeds for general corporate purposes, including financing 27% acquisition of Rigaku Holdings.
- Capped call transactions expected to reduce potential dilution upon conversion of the notes.
- Notes are senior unsecured obligations; interest rate, conversion rate set at pricing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/704532/000119312526227915/0001193125-26-227915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/704532/000119312526227915/d147805d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-227915

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