Bilibili (BILI) has released an update.
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Bilibili Inc. has successfully repurchased and cancelled a substantial amount of its 1.375% Convertible Senior Notes due in 2026, specifically an aggregate principal of US$429,331,000, which could have been converted into 17,346,697 American depositary shares (ADSs). The transaction, executed on April 1, 2024, aligns with the company’s financial strategy and adheres to the terms of the notes, with no actual ADSs repurchased. This move may impact the company’s share capital structure and is of interest to investors monitoring Bilibili’s financial maneuvers.
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