Impinj repurchases $40.2M of 2027 notes
Impinj, Inc. disclosed that it entered into privately negotiated agreements with certain holders of its 1.125% Convertible Notes due 2027 to repurchase for cash approximately $40.2 million in aggregate principal amount.
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Rhea-AI Filing Summary
Impinj, Inc. disclosed that it entered into privately negotiated agreements with certain holders of its 1.125% Convertible Notes due 2027 to repurchase for cash approximately $40.2 million in aggregate principal amount. The total repurchase cost, including accrued and unpaid interest, is approximately $47.2 million.
After the repurchases close, approximately $57.3 million aggregate principal amount of these notes will remain outstanding, reducing the company’s future debt obligations under this convertible issue. The transaction is structured as a cash repurchase and is described as a partial repurchase of the notes.
Insights
Impinj is using cash to retire part of its 2027 convertible notes.
Impinj agreed to repurchase about $40.2 million principal of its 1.125% Convertible Notes due 2027 for a total cash cost of roughly $47.2 million, including accrued interest. This reduces the outstanding principal to about $57.3 million.
The move simplifies the company’s debt profile for this convertible series and lowers future interest and principal obligations tied to these notes. The filing does not detail funding sources or any related equity activity, so the visible effect is focused on balance-sheet structure rather than immediate operations.
The press release notes that the repurchases are expected to close on March 16, 2026. Subsequent company filings may provide additional context on cash balances, leverage metrics, or any future actions regarding the remaining notes.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Impinj (PI) announce regarding its 1.125% Convertible Notes due 2027?
How much of Impinj’s 1.125% Convertible Notes will remain outstanding after the repurchase?
What is the total cash cost of Impinj’s partial repurchase of its 2027 convertible notes?
When are Impinj’s convertible note repurchases expected to close?
Why is Impinj’s partial repurchase of convertible notes potentially important for investors?
What risks does Impinj highlight in connection with the repurchases of its notes?
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 8.01 Other Events.
Between March 11 and 13, 2026, Impinj entered into separate, privately negotiated repurchase agreements with certain holders of its 1.125% Convertible Notes due 2027 (the “Notes”) to repurchase for cash (the “Repurchases”) approximately $40.2 million aggregate principal amount of the Notes for a total repurchase cost (including accrued and unpaid interest) of approximately $47.2 million. Following the closings of the Repurchases, approximately $57.3 million aggregate principal amount of the Notes will remain outstanding.
On March 16, 2026, the Company issued a press release relating to the Repurchases, which is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 |
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Press release dated March 16, 2026. |
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Inline XBRL for the cover page of this Current Report on Form 8-K. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Impinj, Inc. |
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By: |
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/s/ Chris Diorio |
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Chris Diorio Chief Executive Officer |
Date: March 16, 2026
