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AI brief of an SEC Form 8-K · Cohu (COHU)

Cohu closes $287.5 million convertible notes offering due 2031

Neutral Impact 3 of 5 financing Written later

Cohu, Inc. closed $287.5 million of 1.50% convertible senior notes due January 15, 2031, on September 29, 2025, including the full exercise of a $27.5 million option by the initial purchasers. The company reported net proceeds of about $278.9 million, of which about $28.4 million went to capped call transactions and the rest is for general corporate purposes. Shareholders could face dilution if notes convert, up to an initial maximum of 14,017,552 shares, though the capped calls are expected to reduce that dilution up to a $41.02 per share cap price.

Key points

  • Principal of $287.5 million, including $27.5 million from the full exercise of the initial purchasers' option; notes mature January 15, 2031.
  • Net proceeds of about $278.9 million; about $28.4 million used to pay for capped call transactions.
  • Initial conversion price of about $27.1758 per share, a 32.50% premium over the $20.51 reference price on September 24, 2025.
  • Capped call cap price of about $41.02 per share; initial maximum of 14,017,552 shares issuable on conversion.

The filing

CompanyCohu (COHU)
Form8-K, current report
Filed with the SECSep 29, 2025, 4:30 PM ET
Accession number0001437749-25-030026

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 29, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.