09:26 AM EDT, 09/04/2025 (MT Newswires) -- Impinj ( PI ) said Thursday it has priced an upsized private offering of $170 million worth of 0% convertible senior notes due 2029.

The offering, expanded from $150 million, will also allow the initial buyers the option to buy up to an additional $20 million worth of the notes within 13 days of issuance, the company said.

Net proceeds of roughly $164.2 million, or about $183.6 million if the initial purchasers exercise their option, will be allocated toward exchanging $190 million worth of Impinj's ( PI ) outstanding 1.125% convertible senior notes due 2027, Impinj ( PI ) added.

The notes will be convertible at an preliminary rate of 3.7398 Impinj ( PI ) common shares per $1,000 worth of notes, equivalent to a conversion price of roughly $267.39 per share, the company said.