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Silicon Motion Technology (SIMO) Stock: Shares Slide After $1B Convertible Notes Offering

By Yasmin Werner at 2026-10-03 20:23

Sentiment: Positive

TLDR Silicon Motion shares slide after pricing a $1 billion convertible notes deal. Silicon Motion expands its notes offering from $800 million to a full $1 billion. Zero-coupon notes mature in 2031 with an initial conversion price near $380.50. Silicon Motion expects about $980 million in net proceeds from the offering. Proceeds will support debt [...] The post Silicon Motion Technology (SIMO) Stock: Shares Slide After $1B Convertible Notes Offering appeared first on CoinCentral. Continue reading...

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