Synaptics closes $50M upsized convertible note offering; enters additional capped calls

SYNAPTICS Inc

Issued additional $50.0M aggregate principal amount of 0.75% Convertible Senior Notes due 2031 to initial purchasers on Nov 26, 2024.
Net proceeds of ~$48.6M after discounts; used ~$5.5M to pay cost of additional capped call transactions.
Additional capped call transactions cover shares underlying the Option Notes; cap price $150.48/share (100% premium over Nov 14 close).
Capped calls expected to reduce potential dilution upon conversion of the Option Notes.

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