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]

Core Viewpoint - Akamai Technologies, Inc. plans to offer $1.35 billion in convertible senior notes due 2033, with an option for initial purchasers to buy an additional $202.5 million in notes, aimed at qualified institutional buyers [1] Group 1: Offering Details - The convertible senior notes will mature on May 15, 2033, with interest payable semi-annually starting November 15, 2025 [1] - The notes will be senior unsecured obligations of Akamai, and the interest rate and other terms will be determined at the time of pricing [1] Group 2: Use of Proceeds - Akamai intends to use approximately $250 million of the net proceeds to repay borrowings under its revolving credit facility and a portion of its existing convertible senior notes due 2027 [2] - A portion of the net proceeds will also cover costs related to convertible note hedge transactions and share repurchases, with an expected allocation of $275 million for repurchasing common stock [3][4] Group 3: Repurchase and Conversion Terms - Holders of the notes may require Akamai to repurchase their notes for cash on May 15, 2031, if certain conditions are met, at a price equal to 100% of the principal amount plus accrued interest [5] - In the event of a fundamental change, holders may also require repurchase at a similar price [5] Group 4: Hedging Transactions - Akamai plans to enter into convertible note hedge and warrant transactions to mitigate potential dilution from the notes [6] - 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 [6][7] Group 5: Market Impact - The initial hedge transactions may influence the market price of Akamai's common stock, potentially affecting the conversion and repurchase dynamics of the notes [8]