UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
As previously disclosed, on March 7, 2025, Alphatec Holdings, Inc. (the “Company”) issued $405,000,000 principal amount of its 0.75% Convertible Senior Notes due 2030 (the “Notes”). The Company will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, at the Company’s election. However, until such time as the Company has increased the number of its authorized shares of common stock, or made other shares of its common stock available, to cover the full number of shares underlying the Notes, and has reserved those shares for issuance upon conversion of the Notes, the Company will be required to settle conversions in a combination of cash and shares of its common stock, subject to a cap on the total number of shares deliverable upon conversion. The cap as of the date of this Current Report is an aggregate of 29,700,000 shares of common stock.
On March 10, 2025, the Company completed the remaining privately negotiated transactions for the repurchase of $253.0 million aggregate principal amount of the Company’s outstanding 0.75% convertible senior notes due 2026 (the “2026 Notes”). The shares of the Company’s common stock that were reserved for issuance upon conversion of the repurchased 2026 Notes became available for reservation upon conversion of the Notes upon completion of these repurchases. The cap figure referred to in the preceding paragraph includes 211,054 shares of common stock for the remaining repurchases that settled on March 10, 2025.
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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.
| ALPHATEC HOLDINGS, INC. | ||||||
| Date: March 14, 2025 | By: | /s/ J. Todd Koning | ||||
| Name: | J. Todd Koning | |||||
| Title: | Chief Financial Officer | |||||