Weimob updates open market repurchases of 0% convertibles due 2026

By Mary-Katherine Stinson

Lexington, Ky., May 22 – Weimob Inc. updated the open market repurchases of its originally issued $300 million 0% convertible bonds due 2026, according to a press release.

As of May 22, the company has made buybacks totaling $96,783,000 of the convertible bonds at purchase prices ranging from $61 to $93 per bond.

This represents 32.26% of the original issue, leaving $203,217,000, or 67.74%, of the bonds outstanding.

The repurchased bonds will be canceled.

Weimob is a Shanghai-based cloud-based commerce and marketing solutions provider.

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