InterDigital Inc (IDCC)

[jealmc79]

If the remaining convertible bonds were exchanged for shares, there is a corresponding increase in outstanding shares

From the 10k:

In addition, as more fully described in Note 9 “Obligations” within the Notes to the Consolidated Financial Statements included in Part II, Item 8 of this Form 10-K, we made an irrevocable election to “Net Share Settle” our obligations under the 2024 Notes, which requires us to pay the outstanding principal amount due under the 2024 Notes in cash

I don't know how they can make it any clearer than that. They are not converting the notes into shares. The Calls and Warrants will sort of cancel each other out with the 'Net Share Settle' depending on the share price at settlement and whether or not they close out the warrants at the same time they close out the calls. The warrants need to have a longer expiration date than the calls in order for IDCC to be able to claim certain tax deductions. I haven't been able to find when those expiration dates are though. Previous ones expired over a 3 month period after the notes and calls were settled.

I believe your hopes of another Dutch Auction by using proceeds from the notes and warrants being converted are highly misplaced.