Summary
DexCom, Inc. (DXCM) filed an 8-K report on March 15, 2010, detailing an unregistered sale of equity securities. Specifically, the company entered into additional agreements to exchange 4.75% Convertible Senior Notes due 2027 for shares of common stock. This latest round involved exchanging $18,000,000 in principal amount of notes for 2,389,534 shares of common stock. Cumulatively, as of March 12, 2010, DexCom has now exchanged a total of $48,000,000 in principal amount of these convertible notes for 6,384,390 shares of its common stock. This transaction is being conducted under an exemption from registration pursuant to Section 3(a)(9) of the Securities Act of 1933, as no commissions or remuneration were paid in connection with the exchange.
Key Highlights
- 1DexCom, Inc. (DXCM) reported an exchange of convertible senior notes for common stock on March 12, 2010.
- 2The company issued 2,389,534 shares of common stock in exchange for $18,000,000 in principal amount of its 4.75% Convertible Senior Notes due 2027.
- 3This represents an additional exchange beyond previous transactions.
- 4The total principal amount of notes exchanged to date is $48,000,000, resulting in the issuance of 6,384,390 shares of common stock.
- 5The exchange is exempt from registration under Section 3(a)(9) of the Securities Act of 1933.
- 6No commissions or remuneration were paid for these exchanges.