InterDigital Announced That, 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 September 30, 2024
Portfolio Pulse from Benzinga Newsdesk
InterDigital announced that its 3.50% Senior Convertible Notes due 2027 are convertible during the calendar quarter ending September 30, 2024.
July 03, 2024 | 8:04 am
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InterDigital's 3.50% Senior Convertible Notes due 2027 are now convertible during the calendar quarter ending September 30, 2024. This could lead to potential equity dilution if noteholders choose to convert their notes into shares.
The convertibility of the notes could lead to an increase in the number of shares outstanding if noteholders opt to convert their notes into equity. This potential dilution could negatively impact the stock price in the short term.
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