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Alphatec Holdings, Inc. 8-K Analysis & Summary – 3/14/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Alphatec Holdings, Inc.
,

Filing date:

03/14/2025

TLDR:

Alphatec Holdings, Inc. issued convertible senior notes and completed repurchase of outstanding convertible senior notes.

ELI5:

Alphatec borrowed $405 million by selling special IOUs that can be converted into stock in the future. They also bought back $253 million of older IOUs of the same type. Because they don’t have enough shares available right now, there’s a limit to how many shares they can give out when people convert the new IOUs.

Accession #:

0001193125-25-054786

Published on

Analyst Summary

  • Alphatec Holdings issued $405 million of 0.75% Convertible Senior Notes due 2030.
  • The company repurchased $253.0 million aggregate principal amount of its outstanding 0.75% convertible senior notes due 2026.
  • Settlement of the 2030 Notes conversions can be in cash, shares, or a combination, at the Company’s election.
  • Share delivery upon conversion of the 2030 Notes is capped at 29,700,000 shares until the company increases its authorized shares.
  • 211,054 shares of common stock became available for reservation upon conversion of the 2030 Notes after the repurchase of the 2026 Notes.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️