Luke Sergott

Patrick Donnelly

Puneet Souda

Tycho Peterson

Michael Ryskin

Rachel Vatnsdal Olson

Daniel Brennan

Joshua Waldman

S. Brandon Couillard

Subhalaxmi Nambi

Brandon Couillard

Douglas Schenkel

Doug Schenkel

Marta Nazarovets Zaremba

Subbu Nambi

- Bruker Corporation has secured approximately **$10 million** in orders for its advanced Nuclear Magnetic Resonance (NMR) equipment from three major U.S. research institutions, with delivery expected by **2026**.  **[1109354_7c679223752a43d99913527d6523133e]** 
- These orders, funded by the National Institutes of Health and the National Science Foundation, will enhance research in structural biology, drug discovery, disease research, and materials science, including North America's first Multifield NMR Relaxometry System for the New York Structural Biology Center.  **[1109354_7c679223752a43d99913527d6523133e]** 
- Despite strong revenue growth of roughly **12.5% over three years**, Bruker's operating margin has declined to approximately **9.63%**.  **[1109354_7c679223752a43d99913527d6523133e]**

Bruker Secures $10 Million in Federally Funded NMR Orders

- Bruker Corporation has announced a **$600 million** public offering of Mandatory Convertible Preferred Stock, with an option for underwriters to purchase an additional **$90 million**.  **[1109354_5ae3359e48014ae48e2bbd85911cff82]** 
- The primary use of proceeds is to **repay existing debt**, including a term loan due in December 2026 and borrowings under its 2024 revolving credit agreement, and to enhance strategic flexibility.  **[1109354_5ae3359e48014ae48e2bbd85911cff82]** 
- Each share of the offering has a liquidation preference of **$250** and is scheduled to convert into common stock around **September 2028**.  **[1109354_5ae3359e48014ae48e2bbd85911cff82]** 
- Following the announcement, Bruker's shares dropped over **9%** in after-hours trading, despite a median analyst price target of **$43**.  **[1109354_5ae3359e48014ae48e2bbd85911cff82]**

Bruker Announces $600M Convertible Stock Offering

BRUKER (BRKR)