InterDigital Announces Conversion Rate Adjustment to 1.50% Senior Convertible Notes Due 2020
WILMINGTON, Del., Jan. 30, 2020 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today announced an adjustment to the conversion rate applicable to its 1.50% Senior Convertible Notes due 2020 (the “Notes”). In connection with the cash dividends previously announced by the Company and paid on April 24, 2019, July 24, 2019, October 23, 2019 and January 22, 2020, the conversion rate for the Notes has been increased to 14.1948 shares of the Company’s common stock per $1,000 principal amount of Notes.
About InterDigital®
InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and a richer multimedia experiences years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading technology companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.
InterDigital is a registered trademark of InterDigital, Inc.
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InterDigital Contact:
Patrick Van de Wille
Email:
+1 (858) 210-4814
