InterDigital Inc (IDCC)

[Gamco]

InterDigital announces convertibility of 3.50% senior convertible notes due 2027

Feb. 05, 2024 8:53 AM ETInterDigital, Inc. (IDCC) StockBy: Tiyashi Datta, SA News Editor

InterDigital (NASDAQ:IDCC) on Monday said, pursuant to the terms of the indenture governing its 3.50% Senior Convertible Notes due 2027, the notes are convertible during its calendar quarter ending March 31, 2024.

The current conversion rate of the notes is 12.9041 shares of InterDigital’s common stock per $1,000 principal amount of the notes.

Upon the conversion of any notes, InterDigital will pay cash up to the aggregate principal amount of the notes to be converted, and will pay cash, shares of its common stock or a combination of cash and shares for any conversion obligation in excess of the aggregate principal amount being converted at InterDigital’s election, as set forth in the indenture.