Omeros Corporation filed SEC Form 8-K: Other Events
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Item 8.01 Other Events.
Expected Completion of Previously Disclosed Note Repurchases
As previously disclosed, on June 17, 2026, Omeros Corporation (the “Company”) entered into privately negotiated agreements with certain holders of its 9.50% Convertible Senior Notes due 2029 (the “Notes”) under which the Company agreed to repurchase a portion of the outstanding Notes. The applicable averaging period has been completed and the Company expects to complete the repurchase of $16.0 million aggregate principal amount of Notes on July 6, 2026, for a total purchase price, inclusive of accrued and unpaid interest and all other obligations, of approximately $31.3 million. An aggregate principal amount of approximately $54.8 million of Notes will remain outstanding following completion of the repurchases.
Agreements to Repurchase Additional Notes
On July 2, 2026, the Company entered into privately negotiated agreements with the same holders of the Notes referenced above under which the Company agreed to repurchase additional Notes having an aggregate principal amount of up to approximately $14.5 million for a total purchase price, inclusive of accrued and unpaid interest and all other obligations, of up to approximately $31.0 million, subject in each case to adjustment based on the trading price of the Company’s common stock during an averaging period beginning on July 6, 2026, and customary closing conditions. The Company expects these additional repurchases to close between July 20, 2026 and July 30, 2026, following the completion of the averaging period. If the full $14.5 million aggregate principal amount of Notes is repurchased, approximately $40.3 million aggregate principal amount of Notes will remain outstanding following the additional repurchases.
The Company may seek to replace some or all of the cash used to repurchase the Notes with unsecured or limited-collateral debt financing(s) that would not be convertible into, or otherwise linked to, the Company's equity securities.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| OMEROS CORPORATION | ||
| Date: July 6, 2026 | By: | /s/ Gregory A. Demopulos |
| Gregory A. Demopulos, M.D. | ||
| President, Chief Executive Officer and | ||
| Chairman of the Board of Directors | ||