InterDigital Announces Conversion Rate Adjustment to 1.50% Senior Convertible Notes Due 2020
January 30 2020 - 4:30PM
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.
For more information, visit: www.interdigital.com.
InterDigital Contact:Patrick Van de WilleEmail:
patrick.vandewille@interdigital.com +1 (858) 210-4814
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