Impinj Announces Partial Repurchase of 1.125% Convertible Notes due 2027

Core Viewpoint - Impinj, Inc. announced a partial repurchase of its 1.125% Convertible Notes due 2027, totaling approximately $40.2 million in principal amount for a total cost of about $47.2 million, which is expected to close on March 16, 2026 [1]. Group 1: Financial Details - The repurchase agreements involve approximately $40.2 million aggregate principal amount of the Notes, with a total repurchase cost (including accrued and unpaid interest) of approximately $47.2 million [1]. - After the repurchase, approximately $57.3 million aggregate principal amount of the Notes will remain outstanding [1]. Group 2: Company Overview - Impinj, Inc. operates in the Internet of Things (IoT) sector, focusing on wirelessly connecting billions of everyday items to the Internet using RAIN RFID technology [3]. - The company aims to provide timely data about everyday items to enhance business and consumer applications, contributing to a boundless Internet of Things [3].