Outbrain repurchases remaining $118M of 2.95% convertible notes; zero debt left

Teads Holding Co.

Repurchased remaining $118M principal of 2.95% Convertible Notes due 2026 for ~$109.7M, a 7.5% discount to par.
Eliminated entire $236M principal balance (initial $118M repurchased in April 2023); no debt remains.
Will record a pre-tax gain of ~$8.8M in Q3 2024 due to the discount.
Post-repurchase, cash and investments total ~$128M (adjusted from Aug 31 balance).
CFO says move strengthens balance sheet ahead of expected Teads acquisition close.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.