EchoStar completes DISH Network merger; DISH shares exchanged at 0.350877 per share
EchoStar completed its acquisition of DISH Network on December 31, 2023, with DISH Network surviving as a wholly owned subsidiary. Each DISH Class A, B and C share converted into 0.350877 EchoStar shares, and the filing describes related changes to DISH convertible notes, warrants and note hedges that now reference EchoStar stock.
- Merger effective at 11:59 p.m. ET on December 31, 2023 (the Effective Time)
- Exchange Ratio of 0.350877 EchoStar shares for each DISH share
- Adjusted conversion rates: 4.2677 for the 0% notes due 2025, 8.5657 for the 2.375% notes due 2024, and 5.3835 for the 3.375% notes due 2026
- Registration rights agreement with Charles and Cantey Ergen and related trusts, dated December 31, 2023