secwatch.observer — SEC 8-K summary
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Issuer:     Fastly, Inc. (FSLY)
CIK:        0001517413
Form:       8-K
Filed at:   2025-12-17T23:59:59+00:00
Accession:  0001517413-25-000350
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 2.03, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Fastly closes $20M add-on convertible note offering; enters additional capped call transactions
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- Initial purchasers exercised option for additional $20.0M of 0% Convertible Senior Notes due 2030; closed Dec 17, 2025.
- Net proceeds of ~$19.4M; used ~$2.0M for Additional Capped Call Transactions.
- Capped call cover shares underlying Option Notes; cap price initially $23.04/share (100% premium over Dec 4 close).
- Up to 15,624,990 shares of Class A common stock issuable upon conversion based on initial rate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517413/000151741325000350/0001517413-25-000350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517413/000151741325000350/fsly-20251215.htm
  HTML page:      https://secwatch.observer/filing/0001517413-25-000350

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