Core Viewpoint - EchoStar Corporation has announced that its 3.875% Convertible Senior Secured Notes due 2030 are now convertible, allowing holders to convert them into cash, shares of common stock, or a combination thereof, from January 1, 2026, to March 31, 2026 [1] Group 1 - The conversion of the Notes was triggered because the last reported sale price of the Company's common stock exceeded 130% of the conversion price for at least 20 trading days during a 30-day period ending December 31, 2025 [2] - The conversion rate is set at 29.73507 shares of common stock per $1,000 principal amount of Notes, equating to a conversion price of approximately $33.63 per share [3] - Holders can surrender their Notes for conversion in principal amounts of at least $1.00 or in integral multiples of $1.00 above that amount [3] Group 2 - The Company has issued a notice to holders detailing the terms, conditions, and procedures for the Conversion Option, which can be accessed through The Depository Trust Company or requested from The Bank of New York Mellon Trust Company, N.A. [4] - The Company and its Board of Directors have not made any recommendations regarding the exercise of the Conversion Option [4] Group 3 - EchoStar Corporation is a leading provider of technology, networking services, television entertainment, and connectivity solutions globally, operating under various brands including EchoStar®, Boost Mobile®, Sling TV, and others [6]