IMPINJ INC 8-K

What Happened

• Impinj Inc. announced that between March 11 and March 13, 2026 it entered into privately negotiated repurchase agreements to buy back approximately $40.2 million aggregate principal of its 1.125% Convertible Notes due 2027 for cash.
• The total repurchase cost, including accrued and unpaid interest, was approximately $47.2 million. Following the transactions, about $57.3 million aggregate principal of the Notes remains outstanding. The company issued a press release on March 16, 2026 (filed as Exhibit 99.1) relating to the repurchases.

Key Details

• Repurchase period: March 11–13, 2026.
• Principal repurchased: ~ $40.2 million.
• Total cash cost (including accrued interest): ~ $47.2 million.
• Remaining Notes outstanding after repurchases: ~ $57.3 million principal.
• Security: 1.125% Convertible Notes due 2027; transactions were privately negotiated repurchases.

Why It Matters

• The repurchases reduce the outstanding principal of Impinj’s convertible debt, lowering the amount that could convert into shares and reducing future interest-bearing principal.
• The transactions required a cash outflow of roughly $47.2 million, which is a material use of cash that investors may consider when evaluating company liquidity and capital allocation.
• The filing (Form 8-K) and related press release provide the official disclosure of these debt-reduction actions for shareholders and potential investors.