ONTO INNOVATION INC. (ONTO) Form 8-K — May 21, 2026
Onto Innovation Inc. issued $1.7 billion in aggregate principal amount of 0.00% Convertible Senior Notes due 2031, including $200 million from the full exercise of an over-allotment option. The notes bear no regular interest and have an initial conversion price of approximately $381.80 per share, significantly above the $254.53 stock price on the pricing date. Concurrently with the offering, Onto used $204.98 million of the net proceeds to repurchase 805,325 shares of its common stock in privately negotiated transactions at $254.53 per share.
Key figures
- Interest Rate
- 0
- Maturity Date
- 2031-06-01
- Offering Price
- 1000
- Conversion Price
- 381.8
- Max Conversion Rate
- 3.9288
- Shares Repurchased
- 805325
- Capped Call Cap Price
- 509.06
- Initial Conversion Rate
- 2.6192
- Repurchase Price Per Share
- 254.53
- Max Shares Issuable Upon Conversion
- 5893200
Price after filing
Close on the filing date to close N calendar days later (from $261.45). Historical, not a forecast.
AI analysis
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