Core Viewpoint - Innovative Eyewear, Inc. has entered into definitive agreements for the immediate exercise of certain outstanding warrants, resulting in the issuance of new Series I warrants and expected gross proceeds of approximately $2.2 million from the transaction [1][4][10] Group 1: Warrant Inducement Transaction - The company will exercise warrants to purchase 746,782 shares at an exercise price of $2.60 per share, with the closing expected around June 24, 2025 [1] - In exchange for the immediate exercise of the warrants, the company will issue new unregistered Series I warrants to purchase up to 2,240,346 shares at a purchase price of $0.125 per warrant, generating approximately $0.3 million in gross proceeds [3] - The gross proceeds from the warrant inducement transaction are expected to be approximately $2.2 million before deducting fees and expenses [4] Group 2: Additional Warrant Exercises - Over the last 30 days, the company has received approximately $2.6 million from the exercise of certain warrants by investors, resulting in the purchase of 986,532 shares at the original exercise price of $2.60 per share [5][10] Group 3: Regulatory and Compliance Information - The new Series I warrants and the shares of common stock issuable upon their exercise are being offered in a private placement and have not been registered under the Securities Act of 1933 [6] - The company has agreed to file a registration statement with the SEC within 30 days covering the resale of the shares of common stock issuable upon exercise of the new Series I warrants [6]

Core Viewpoint - Akamai Technologies, Inc. has announced a private offering of $1.5 billion in convertible senior notes due 2033, which was upsized from a previously announced $1.35 billion offering [1][3] Group 1: Offering Details - The notes will be senior unsecured obligations, maturing on May 15, 2033, with an interest rate of 0.25% per year, payable semiannually starting November 15, 2025 [2] - The initial conversion rate is set at 10.7513 shares per $1,000 principal amount, equating to an initial conversion price of approximately $93.01 per share, representing a 20% premium over the closing price of $77.51 on May 14, 2025 [2] Group 2: Use of Proceeds - Akamai estimates net proceeds from the offering to be approximately $1,479.1 million, or $1,701.3 million if the option for additional notes is fully exercised [3] - The company plans to use about $250 million to repay borrowings under its revolving credit facility and a portion of its $1.15 billion convertible senior notes due 2027 [4] - Approximately $239.1 million will be allocated to cover costs related to convertible note hedge transactions [5] - Akamai intends to repurchase approximately $300 million of its common stock at a price of $77.51 per share from purchasers of the notes [6] Group 3: Repurchase and Conversion Terms - Holders can require Akamai to repurchase their notes for cash on May 15, 2031, if the stock price is below the conversion price [7] - In the event of a fundamental change, holders may also require repurchase at a price equal to 100% of the principal amount plus accrued interest [7] Group 4: Hedge Transactions - Akamai has entered into convertible note hedge and warrant transactions to mitigate potential dilution from the notes [8] - The hedge transactions will cover the same number of shares underlying the notes, and the warrants could have a dilutive effect if the market price exceeds the strike price [8] Group 5: Market Impact - The Option Counterparties may engage in purchasing shares or entering derivative transactions, which could influence the market price of Akamai's common stock and the notes [9]

CAMBRIDGE, Mass., May 13, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM) ("Akamai"), the cybersecurity and cloud computing company that powers and protects business online, today announced that it proposes to offer, subject to market factors and other conditions, $1.35 billion in aggregate principal amount of convertible senior notes due 2033. The notes are to be sold only to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1 ...