- enCore Energy Corp. is hosting a corporate update on **Wednesday, August 27th** at **1:15 PM ET**, which will cover current operations at South Texas, expansion of the Alta Mesa project, and details of the recently closed Convertible Notes offering.  **[1500881_20250825VA58659:0]** 
- On **August 22, 2025**, enCore Energy closed a **$115 MM USD** senior unsecured convertible notes offering due **August 15, 2030**, bearing a **5.50%** cash interest rate.  **[1500881_20250825VA58659:0]** 
- This financing provides long-term capital and balance sheet flexibility, allowing the company to elect to pay the principal in cash, common shares, or a combination upon investor conversions.  **[1500881_20250825VA58659:0]** 
- The company also retains the right to redeem the notes and force convertibility if the stock exceeds **$4.28 USD** for 20 out of 30 trading days from **August 21, 2028** onward.  **[1500881_20250825VA58659:0]** 
- A private Capped-Call arrangement was entered into, raising the effective conversion premium from **127.5% to 175%**, which aims to minimize future dilution until the stock price exceeds approximately **$4.52 USD** per share.  **[1500881_20250825VA58659:0]**

enCore Energy (EU)