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AI brief of an SEC Form 8-K · MACOM Technology Solutions (MTSI)

MACOM closes $344.3 million convertible notes due 2029, exchanges 2026 notes

Neutral Impact 3 of 5 financing Written later

MACOM closed on December 19, 2024 the issuance of $344.3 million of 0.000% convertible senior notes due 2029 and about 1,582,958 new common shares. About $288.8 million of the notes and shares went to holders who exchanged $257.7 million of 0.250% notes due 2026, and the company received no cash from that exchange. The separate $55.5 million private placement produced about $49.9 million in net proceeds for general corporate purposes, and the notes add new debt that shareholders may see in the company's future dilution and obligations.

Key points

  • Notes total $344,316,000 in principal, with a maturity date of December 15, 2029
  • About $288.8 million of notes and common stock were issued in exchange for about $257.7 million of 0.250% notes due 2026
  • A $55.5 million private placement produced net proceeds of about $49.9 million, expected for general corporate purposes
  • Initial conversion price is about $174.03 per share, a 27.5% premium to the $136.49 last sale price on December 12, 2024

The filing

CompanyMACOM Technology Solutions (MTSI)
Form8-K, current report
Filed with the SECDec 20, 2024, 4:32 PM ET
Accession number0001493594-24-000065

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation3.02 Unregistered Equity Sale

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits 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 December 20, 2024.

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