secwatch.observer — SEC 8-K summary
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Issuer:     PROS Holdings, Inc. (—)
CIK:        0001392972
Form:       8-K
Filed at:   2025-06-25T23:59:59+00:00
Accession:  0001392972-25-000122
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROS Holdings issues $235M 2.50% convertible senior notes due 2030
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- Issued $235M of 2.50% Convertible Senior Notes due 2030; net cash proceeds ~$48.8M after fees and capped call costs.
- Initial conversion rate 48.8293 shares per $1,000 principal, equivalent to ~$20.48 per share.
- Paid ~$27.9M for capped call transactions to reduce dilution upon conversion, capped at 150% above June 12 closing price.
- Amendment to credit agreement obtained consent from lenders for the notes issuance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1392972/000139297225000122/0001392972-25-000122-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1392972/000139297225000122/pro-20250623.htm
  HTML page:      https://secwatch.observer/filing/0001392972-25-000122

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