MarketPR
(OPK) determined on October 1, 2026, that its 3.75% Convertible Senior Notes due 2029 are now convertible by holders through December 31, 2026.
The company stated that approximately $121 million of these notes is currently outstanding.
The conversion right was triggered because the closing price per share of OPKO Health common stock exceeded $1.495 for at least 20 of the 30 consecutive trading days during the quarter ended September 30, 2026.
This price level represents 130% of the applicable conversion price of $1.15. The company has elected to satisfy its conversion obligation under the notes in shares of its common stock.
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