secwatch.observer — SEC 8-K summary
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Issuer:     OPKO HEALTH, INC. (OPK)
CIK:        0000944809
Form:       8-K
Filed at:   2026-10-02T20:12:54+00:00
Accession:  0001193125-26-412284
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4.1-flash:cloud@v2

OPKO's $121M 3.75% convertible notes due 2029 become convertible through Dec. 31 after stock tops $1.495 trigger
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- Approximately $121 million of OPKO's 3.75% Convertible Senior Notes due 2029 are convertible by holders through December 31, 2026.
- Trigger met because OPK closed above $1.495 (130% of the $1.15 conversion price) for at least 20 of 30 consecutive trading days in the quarter ended Sept. 30, 2026.
- OPKO elected to settle conversions in common stock; holders receive 869.5652 shares per $1,000 principal plus any applicable early-conversion make-whole shares.
- Notes may stay convertible after Dec. 31, 2026 if another condition in the Jan. 9, 2024 Indenture with U.S. Bank Trust is satisfied in a future measurement period.
- Company determined the conversion status on October 1, 2026; CFO Adam Logal signed the report dated October 2, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/944809/000119312526412284/0001193125-26-412284-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/944809/000119312526412284/opk-20260930.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-412284

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