Corporate ActionJul 10, 2026, 04:31 PM
InterDigital Adjusts Convertible Note Conversion Rate
AI Summary
InterDigital, Inc. announced an adjustment to the conversion rate for its 3.50% Senior Convertible Notes due 2027. The conversion rate increased to 13.0351 shares of common stock per $1,000 principal amount of Notes. This adjustment was made in connection with the company's regular quarterly cash dividend and became effective on July 8, 2026, the ex-dividend date.
Key Highlights
- Conversion rate for 3.50% Senior Convertible Notes due 2027 adjusted.
- New conversion rate is 13.0351 shares per $1,000 principal amount of Notes.
- Adjustment effective July 8, 2026, the ex-dividend date for the quarterly cash dividend.
- The adjustment is due to the upcoming payment of a regular quarterly cash dividend.
Price Impact
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