---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-237180"
form_type: "8-K"
ticker: "SITM"
cik: "0001451809"
company_name: "SITIME Corp"
filed_at: "2026-05-22T21:16:57+00:00"
generated_at: "2026-05-22T21:20:08.195222+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-237180
- form_type: 8-K
- ticker: SITM
- cik: 0001451809
- company_name: SITIME Corp
- filed_at: 2026-05-22T21:16:57+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451809/000119312526237180/0001193125-26-237180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451809/000119312526237180/d47334d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-237180
- JSON: https://secwatch.observer/filing/0001193125-26-237180.json
- Plain text: https://secwatch.observer/filing/0001193125-26-237180.txt

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