other material
confidence high
sentiment neutral
materiality 0.40
Glaukos receives $53.2M from capped call unwind on convertible notes
GLAUKOS Corp
- Option counterparties paid $53.2M to Glaukos under Capped Call Unwind Agreements.
- Payment based on VWAP of common stock from Dec 3-5, 2024.
- Unwind relates to 50% of shares underlying $287.5M 2.75% Convertible Senior Notes due 2027.
- Agreements executed on Dec 2, 2024; cash delivered post-averaging period.