03/16/2026 | Press release | Distributed by Public on 03/16/2026 15:17
Impinj Announces Partial Repurchase of 1.125% Convertible Notes due 2027
SEATTLE, March 16, 2026 - Impinj, Inc. (Nasdaq: PI), today announced that it 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. The Repurchases are expected to close on March 16, 2026. Following such closings, approximately $57.3 million aggregate principal amount of the Notes will remain outstanding.