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MongoDB | 8-K: MongoDB, Inc. Issued a Notice of Redemption

SEC ·  Oct 17 05:23

Summary by Futu AI

On October 16, 2024, MongoDB, Inc. announced the issuance of a Redemption Notice for the full redemption of its 0.25% Convertible Senior Notes due in 2026. The aggregate principal amount outstanding for these notes is $1,149,972,000. The redemption is scheduled for December 16, 2024, at which time the company will pay the redemption price in cash, equivalent to the principal amount plus accrued and unpaid interest up to the Redemption Date. Noteholders have the option to convert their notes into shares of MongoDB's common stock until 5:00 p.m. New York City time on December 13, 2024. The conversion rate has been set at 4.9260 shares per $1,000 principal amount, with an additional 0.1911 shares as a result of the redemption call. MongoDB has chosen to settle conversions with common stock and cash for any fractional shares.
On October 16, 2024, MongoDB, Inc. announced the issuance of a Redemption Notice for the full redemption of its 0.25% Convertible Senior Notes due in 2026. The aggregate principal amount outstanding for these notes is $1,149,972,000. The redemption is scheduled for December 16, 2024, at which time the company will pay the redemption price in cash, equivalent to the principal amount plus accrued and unpaid interest up to the Redemption Date. Noteholders have the option to convert their notes into shares of MongoDB's common stock until 5:00 p.m. New York City time on December 13, 2024. The conversion rate has been set at 4.9260 shares per $1,000 principal amount, with an additional 0.1911 shares as a result of the redemption call. MongoDB has chosen to settle conversions with common stock and cash for any fractional shares.

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