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MongoDB Announces Redemption of All of Its Outstanding Convertible Senior Notes due 2024
NEW YORK, Oct. 1, 2021 /PRNewswire/ -- MongoDB, Inc. ("MongoDB") (Nasdaq: MDB), the leading, modern general purpose database platform, today announced that it
About this update from Mongodb, Inc.
[{"type":"text","content":"NEW YORK, Oct. 1, 2021 /PRNewswire/ -- MongoDB, Inc. (\"MongoDB\") (Nasdaq: MDB), the leading, modern general purpose database platform, today announced that it issued a notice of redemption for all $1,875,000 aggregate principal amount outstanding of its 0.75% convertible senior notes due 2024 (the \"notes\"). The redemption date shall be December 3, 2021. The redemption price with respect to any redeemed note shall equal 100% of the principal amount thereof, plus accrued and unpaid interest, from June 15, 2021, to, but excluding the redemption date. On the redemption date, the redemption price will become due and payable upon each note to be redeemed, and interest thereon, shall cease to accrue on and after the redemption date.\n\n \n \n \n \n \n \n\n \nThe notes may be converted by holders at any time before 5:00 p.m. (New York City time) on December 2, 2021. The conversion rate is equal to 14.6738 shares of class A common stock of MongoDB per $1,000 principal amount of the notes. MongoDB has elected to settle any conversions of the notes during the redemption period by physical settlement, with shares of its class A common stock, together with cash, if applicable, in lieu of delivering any fractional share of class A common stock.\nAbout MongoDB\nMongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. Headquartered in New York, MongoDB has more than 29,000 customers in over 100 countries. The MongoDB database platform has been downloaded over 200 million times and there have been more than 1.5 million registrations for MongoDB University courses.\nForward Looking Statements\nThis press release includes certain \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning the planned redemption of the notes. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as \"anticipate,\" \"believe,\" \"continue,\" \"could,\" \"estimate,\" \"expect,\" \"intend,\" \"may,\" \"plan,\" \...