RAMBUS INC (RMBS) Form 8-K — Aug 5, 2026
Rambus entered into an accelerated share repurchase agreement with Mizuho Markets Americas LLC, through its agent Mizuho Securities USA LLC, on August 4, 2026, to repurchase approximately $100 million of its common stock. The company will pre-pay $100 million to the dealer and receive an initial delivery of approximately 796,000 shares. The final number of shares repurchased will be determined by the volume-weighted average price of Rambus stock during the transaction term, less a discount, and the program is expected to be completed by the end of the third quarter of 2026. The ASR is part of a broader share repurchase program previously authorized by Rambus's board of directors.
Key figures
- Trade Date
- 2026-08-04
- Floor Price
- USD 1.00 per share
- Prepayment Date
- 2026-08-05
- Expected Completion
- end of Q3 2026
- Asr Prepayment Amount
- $100 million
- Initial Share Delivery
- approximately 796,000 shares
- Initial Stock Loan Rate
- 25 basis points per annum
- Maximum Stock Loan Rate
- 75 basis points per annum
- Asr Aggregate Purchase Price
- $100 million
Price after filing
Close on the filing date to close N calendar days later (from $97.30). Historical, not a forecast.
AI analysis
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