Xeris retires all $33.5M of 2028 convertible notes via debt-for-equity exchanges

Filed July 17, 2026 · Period ending July 15, 2026 · ~1 min read

Key Changes

• high

  Completed exchange of ~$23M principal for 5.0M shares plus $23M cash and separate conversion of $10.5M principal into 3.6M shares, eliminating entire 2028 convertible note obligation

  Item 8.01 verify on EDGAR →
• high

  Funded $23M cash portion with existing liquidity; issued total ~8.6M shares to noteholders

  Item 8.01 verify on EDGAR →
• medium

  Shares issued unregistered under Section 4(a)(2) exemption to institutional accredited investors (exchange) and Section 3(a)(9) exemption (conversion)

  Item 3.02 verify on EDGAR →