InterDigital (Nasdaq: IDCC) announced an adjustment to the conversion rate on its 3.50% Senior Convertible Notes due 2027. Effective July 8, 2026, in connection with its upcoming regular quarterly cash dividend, the conversion rate increased to 13.0351 shares of common stock per $1,000 principal amount of Notes.
Conversion rate increased to 13.0351 shares per $1,000 principal amount, effective July 8, 2026
Adjustment reflects ongoing regular quarterly cash dividend previously announced June 11, 2026
Negative
Higher conversion rate 13.0351 shares per $1,000 could increase potential equity dilution if Notes are converted
What This Means
The adjustment of the notes’ conversion rate to 13.0351 shares per $1,000 principal ties the securit...
Analysis
The adjustment of the notes’ conversion rate to 13.0351 shares per $1,000 principal ties the security to the latest dividend mechanics, following a stretch where most headlines aided sentiment, while moderate short interest remains a factor to monitor.
Key Figures
Coupon rate:3.50%Conversion rate:13.0351 shares per $1,000Effective date:July 8, 2026
3 metrics
Coupon rate3.50%Senior Convertible Notes due 2027
Conversion rate13.0351 shares per $1,000Adjusted rate for Senior Convertible Notes
Effective dateJuly 8, 2026Ex-dividend date when new conversion rate became effective
Participation at EuCNC & 6G Summit highlighting 6G research and standards work.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent IDCC headlines have more often been followed by share gains, with one notable divergence on a favorable court injunction.
Regulatory & Risk Context
Short Interest: 10.57%
Short Interest
10.57% of float
0%15%30%+
moderateas of 2026-06-15Days to cover: 6.47
Reported short interest was at a moderate level, implying scope for meaningful volatility and some squeeze risk if sentiment or liquidity conditions change.
Key Terms
senior convertible notes, conversion rate, principal amount, ex-dividend date
4 terms
senior convertible notesfinancial
"adjustment to the conversion rate applicable to its 3.50% Senior Convertible Notes due 2027"
A senior convertible note is a loan a company issues that ranks near the top of payment priority and can be exchanged for the company’s stock under preset terms. Think of it as an IOU that promises interest payments and first dibs on repayments if assets are liquidated, but also gives the lender the option to become an owner later; investors watch these for repayment safety, interest income, and potential stock dilution.
conversion ratefinancial
"announced today an adjustment to the conversion rate applicable to its 3.50% Senior Convertible Notes"
Conversion rate is the proportion of items, people or contracts that take a desired action out of the total possible — for example the share of website visitors who make a purchase, or the number of convertible bonds that are exchanged for shares. Investors care because it measures how effectively a business or financial instrument turns opportunity into real outcomes, like sales or share issuance, which directly affects revenue, cash flow and ownership dilution.
principal amountfinancial
"13.0351 shares of the Company’s common stock per $1,000 principal amount of Notes"
The principal amount is the original sum of money that is borrowed, lent, or invested before any interest, fees, or returns are added. It matters to investors because interest charges, scheduled repayments, and total return are calculated from that base amount — think of it as the price tag on which future costs or gains are built. Knowing the principal helps you compare deals and predict cash flows and risk.
ex-dividend datefinancial
"effective July 8, 2026, the ex-dividend date for the quarterly cash dividend"
The ex-dividend date is the date when a stock starts trading without the value of its next dividend payment included. If you buy the stock on or after this date, you won't receive that upcoming dividend; only those who owned the stock before this date are entitled to it. It matters to investors because it determines who is eligible to receive the dividend and can influence the stock’s price around that time.
WILMINGTON, Del., July 10, 2026 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC) (the “Company” or “InterDigital”) announced today an adjustment to the conversion rate applicable to its 3.50% Senior Convertible Notes due 2027 (the “Notes”).In connection with the upcoming payment of the Company’s regular quarterly cash dividend previously announced by the Company on June 11, 2026, the conversion rate for the Notes increased to 13.0351 shares of the Company’s common stock per $1,000 principal amount of Notes effective July 8, 2026, the ex-dividend date for the quarterly cash dividend.
About InterDigital
InterDigital is a global research and development company focused primarily on wireless, video, artificial intelligence (“AI”), and related technologies. We design and develop foundational technologies that enable connected, immersive experiences in a broad range of communications and entertainment products and services. We license our innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles, and providers of cloud-based services such as video streaming. As a leader in wireless technology, our engineers have designed and developed a wide range of innovations that are used in wireless products and networks, from the earliest digital cellular systems to 5G and today’s most advanced Wi-Fi technologies. We are also a leader in video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies. Founded in 1972, InterDigital is listed on Nasdaq.
InterDigital is a registered trademark of InterDigital, Inc.
What conversion rate change did InterDigital (IDCC) announce for its 3.50% Senior Convertible Notes due 2027 on July 10, 2026?
InterDigital increased the conversion rate on its 3.50% Senior Convertible Notes due 2027 to 13.0351 shares per $1,000 principal amount. According to InterDigital, this adjustment is tied to its upcoming regular quarterly cash dividend with an ex-dividend date of July 8, 2026.
When does the new InterDigital (IDCC) convertible notes conversion rate of 13.0351 shares per $1,000 become effective?
The new InterDigital conversion rate became effective on July 8, 2026, the ex-dividend date for the quarterly cash dividend. According to InterDigital, this timing links the adjustment directly to the scheduled regular dividend payment previously announced on June 11, 2026.
Why did InterDigital (IDCC) adjust the conversion rate on its 3.50% Senior Convertible Notes due 2027?
InterDigital adjusted the conversion rate in connection with its upcoming regular quarterly cash dividend. According to InterDigital, the dividend, announced June 11, 2026, triggered an increase in the notes’ conversion rate to 13.0351 shares per $1,000 principal amount, effective on the ex-dividend date.
How does the new InterDigital (IDCC) convertible notes conversion rate affect noteholders?
The new rate gives noteholders 13.0351 shares of common stock per $1,000 principal if they convert. According to InterDigital, this adjustment reflects the impact of its regular quarterly cash dividend with an ex-dividend date of July 8, 2026.
What is the link between InterDigital’s July 2026 dividend and the conversion rate on its 2027 senior convertible notes (IDCC)?
The July 2026 conversion rate adjustment is directly tied to InterDigital’s regular quarterly cash dividend. According to InterDigital, the ex-dividend date of July 8, 2026 marks when the conversion rate increased to 13.0351 shares per $1,000 principal amount of notes.
