secwatch.observer — SEC 8-K summary
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Issuer:     SITIME Corp (SITM)
CIK:        0001451809
Form:       8-K
Filed at:   2026-05-22T21:16:57+00:00
Accession:  0001193125-26-237180
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1451809/000119312526237180/0001193125-26-237180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1451809/000119312526237180/d47334d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-237180

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