Summary by Moomoo AI
MongoDB has successfully completed the redemption of its 0.25% Convertible Senior Notes due 2026, following the redemption notice issued on October 16, 2024. During the conversion period through December 13, 2024, holders of approximately $1.15 billion in aggregate principal amount of Notes elected to convert their holdings, resulting in the company issuing 5,662,979 shares of common stock.The remaining $349,000 in principal amount of unconverted Notes were redeemed on December 16, 2024, at a cash redemption price of approximately $349,366, including accrued and unpaid interest. The issuance of conversion shares was executed under Section 3(a)(9) of the Securities Act of 1933, qualifying for exemption from registration requirements.
