NewsMV
has entered into a note purchase agreement to sell an additional $50.0 million in aggregate principal amount of its 4.75% Convertible Senior Notes due 2031. The company filed a Form 8-K with the U.S.
Securities and Exchange Commission on September 28, 2026, disclosing the deal with a qualified institutional buyer that is both an existing shareholder and a new convertible notes investor.
The closing of this private placement is expected to occur on September 30, 2026, subject to customary closing conditions.
Gross proceeds from the sale are expected to be approximately $50.4 million, which includes accrued interest from July 31, 2026, the date the original notes were issued.
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