No I'm not concerned about dilution because that's what is going happen. The notes will be exchanged for shares in 2026 (unless there is a change of control before). BTW, you realize:
The notes will be redeemable, in whole or in part, for cash at the Issuer’s option at any time, and from time to time, on or after March 20, 2024 if the last reported sale price of the company’s common stock has been at least 130% of the exchange price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Issuer provides notice of redemption at a redemption price equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.
And they have the capped calls to limit the impacts if the PPS is higher. No I'm not concerned. I have taken this into account with the investment.
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