Summary by Moomoo AI
On December 2, 2024, Bilibili repurchased $419,107,000 principal amount of its 0.50% Convertible Senior Notes due 2026. This repurchase involved 4,460,095 American depositary shares (ADSs) based on the initial conversion rate of 10.6419 ADSs per $1,000 principal amount. The repurchase was executed at a price of $93.97 per ADS, resulting in a significant reduction of the company's outstanding convertible notes.As of October 31, 2024, the outstanding principal amount of these notes was $432,407,000. Following the repurchase, the closing balance of issued shares was 141,537. This strategic move aims to optimize Bilibili's capital structure and reduce future interest obligations, enhancing shareholder value.
