secwatch.observer — SEC 8-K summary
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Issuer:     SYNAPTICS Inc (SYNA)
CIK:        0000817720
Form:       8-K
Filed at:   2024-11-26T23:59:59+00:00
Accession:  0001628280-24-049269
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/817720/000162828024049269/0001628280-24-049269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/817720/000162828024049269/syna-20241122.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049269

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