secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2022-05-26T23:59:59+00:00
Accession:  0001517413-22-000075
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fastly repurchases $235M of 0% convertible notes due 2026 for ~$176M
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- Repurchasing ~$235M principal amount of 0% Convertible Senior Notes due 2026 for ~$176.2M in cash.
- Based on May 23, 2022 closing stock price of $11.85 per share; final price subject to adjustment.
- Repurchases expected to close May 31, 2022; after cancellation, ~$713.8M of Notes remain outstanding.
- Company intends to cancel repurchased Notes; transaction could affect common stock price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741322000075/0001517413-22-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741322000075/fsly-20220525.htm
  HTML page:      https://secwatch.observer/filing/0001517413-22-000075

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer