Glaukos Corporation filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01. Other Events.
On October 4, 2024, Glaukos Corporation (the “Company”) issued a notice of redemption (the “Redemption Notice”) for all $57.5 million aggregate principal amount outstanding of its 2.75% Convertible Senior Notes due 2027 (the “Notes”), which were issued pursuant to an indenture dated June 11, 2020 (the “Indenture”) between the Company and Computershare Trust Company, National Association, as successor to Wells Fargo Bank, National Association, as trustee (the “Redemption”).
Pursuant to the Redemption Notice, on December 16, 2024 (the “Redemption Date”), the Company will redeem all Notes that have not been converted prior to such date at a redemption price equal to 100% of the principal amount of such Notes (the “Redemption Price”) together with accrued and unpaid interest from December 1, 2024 to, but excluding, the Redemption Date. On the Redemption Date, the Redemption Price will become due and payable upon each Note to be redeemed and interest thereon will cease to accrue on and after the Redemption Date.
The Notes called for redemption may be converted by holders into shares of common stock of the Company (“Common Stock”) pursuant to physical settlement as set forth in the Indenture at any time prior to 5:00 p.m. (New York City time) on December 13, 2024. The conversion rate for the Notes is 17.8269 shares of Common Stock per $1,000 principal amount, plus additional shares of 0.3501 per $1,000 principal amount in accordance with the terms and conditions of the Indenture. The Notes are therefore convertible into 18.1770 shares of Common Stock per $1,000 principal amount surrendered for conversion thereunder.
The foregoing description of the Redemption does not purport to be complete and is qualified in its entirety by reference to the Redemption Notice, which is attached hereto as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
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99.1 |
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104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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.
| GLAUKOS CORPORATION | |
| By: | /s/ Alex R. Thurman |
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| Name: Alex R. Thurman |
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| Title: Senior Vice President & Chief Financial Officer |
Date: October 11, 2024