secwatch.observer — SEC 8-K summary
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Issuer:     Hims & Hers Health, Inc. (HIMS)
CIK:        0001773751
Form:       8-K
Filed at:   2026-05-21T21:05:00+00:00
Accession:  0001193125-26-234847
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hims & Hers issues $402.5M of 0% convertible notes due 2032; enters capped calls
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- Issued $402.5M aggregate principal of 0.00% Convertible Senior Notes due June 1, 2032.
- Initial conversion rate of 33.8590 shares per $1,000 principal; conversion price ~$29.53 per share.
- Capped call transactions cost $36.7M, cap price ~$50.15 per share, to reduce dilution on conversion.
- Notes redeemable on/after June 6, 2029 if stock exceeds 130% of conversion price for specified periods.
- Offering made to QIBs under Rule 144A; potential maximum 18,057,397 shares issuable upon conversion.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1773751/000119312526234847/0001193125-26-234847-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1773751/000119312526234847/d264371d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-234847

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