SiTime closes $1.35B 0% convertible note offering to fund Renesas asset acquisition

SITIME Corp

Offering of $1.35B aggregate principal (incl. $150M over-allotment) of 0% Convertible Senior Notes due 2031 closed.
Initial conversion price ~$1,040.47/share, a 50% premium to May 19 close; net proceeds ~$1.32B.
Used $121.5M for capped call transactions with cap price $1,734.15/share (150% premium).
Net proceeds will partly fund the previously announced acquisition of Renesas timing assets.
Remainder for general corporate purposes; notes are unsecured, mature June 15, 2031.

item 1.01 item 8.01 item 2.03 item 9.01

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accession 0001193125-26-237180

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