Craig Ellis

David Duley

Robert Mertens

Brian Chin

Denis Pyatchanin

Ross Cole

Charles Shi

Christian Schwab

Tyler Burmeister

Yu Shi

- Cohu, Inc. announced the **closing of a private upsized offering** of **$287,500,000** aggregate principal amount of **1.50% Convertible Senior Notes due 2031** on September 29, 2025.  **[21535_0001437749-25-030026_ex_864790.htm:0]** **[21535_0001437749-25-030026_cohu20250927_8k.htm:5]** 
- The offering included the **exercise in full of the option** granted to initial purchasers to purchase an additional **$27,500,000** aggregate principal amount of notes.  **[21535_0001437749-25-030026_ex_864790.htm:0]** 
- The notes have an initial conversion price of approximately **$27.1758 per share**, representing a **32.50% conversion premium** over the closing price of **$20.51 per share** of Cohu's common stock on September 24, 2025.  **[21535_0001437749-25-030026_ex_864790.htm:0]** **[21535_0001437749-25-030026_ex_864824.htm:0]** 
- Cohu entered into **capped call transactions** to limit potential shareholder dilution, which increases the effective conversion price up to a **100% premium** above the September 24, 2025 closing price, or **$41.02 per share**.  **[21535_0001437749-25-030026_ex_864790.htm:0]** **[21535_0001437749-25-030026_ex_864824.htm:0]** 
- The proceeds from the offering are intended to **strengthen the balance sheet**, fuel long-term growth, and enhance strategic flexibility.  **[21535_0001437749-25-030026_ex_864790.htm:0]** **[21535_0001437749-25-030026_ex_864824.htm:0]**

Cohu Closes Upsized Offering of $287.5 Million Convertible Senior Notes

- Cohu, Inc. announced a private offering of **$200.0 million** aggregate principal amount of **convertible senior notes due 2031** on September 23, 2025.  **[21535_0001437749-25-029728_ex_863653.htm:0]** **[21535_0001437749-25-029728_cohu20250923_8k.htm:1]** 
- The company also expects to grant initial purchasers an option to purchase up to an additional **$30.0 million** aggregate principal amount of the notes.  **[21535_0001437749-25-029728_ex_863653.htm:0]** **[21535_0001437749-25-029728_cohu20250923_8k.htm:1]** 
- The net proceeds from this offering will be used to pay the cost of **capped call transactions** and for **general corporate purposes**.  **[21535_0001437749-25-029728_ex_863653.htm:0]** 
- The capped call transactions are intended to **reduce potential dilution** to Cohu's common stock upon conversion of the notes and/or offset potential cash payments in excess of the principal amount.  **[21535_0001437749-25-029728_ex_863653.htm:0]** **[21535_0001437749-25-029728_cohu20250923_8k.htm:1]**

Cohu Announces Offering of Convertible Senior Notes

COHU (COHU)