KalVista Pharmaceuticals Announces Proposed $110 Million Convertible Senior Notes Offering, with Option for Additional $15 Million
Reuters
Sep 30
KalVista Pharmaceuticals Announces Proposed $110 Million Convertible Senior Notes Offering, with Option for Additional $15 Million
KalVista Pharmaceuticals Inc. has announced a proposed private offering of $110.0 million aggregate principal amount of Convertible Senior Notes due 2031. The notes will be offered in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933. KalVista also plans to grant initial purchasers an option to buy up to an additional $15.0 million in principal amount of notes within 13 days of the initial issuance. The interest rate, initial conversion rate, offering price, and other terms will be determined upon pricing of the notes. Proceeds from the offering are expected to be used for working capital, general corporate purposes, and the commercialization of EKTERLY, with the possibility of future investments or acquisitions. The notes and any shares of common stock issuable upon conversion have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kalvista Pharmaceuticals Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-223262), on September 29, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.