04:21 PM EDT, 09/02/2025 (MT Newswires) -- Impinj ( PI ) said late Tuesday it plans to offer $150 million of convertible senior notes due 2029 in a private offering, subject to market conditions.

The company said it expects to give the initial buyers of the notes an option to buy up to an additional $25 million of the notes.

The company said it plans to use the net proceeds from the offering, and, if the option to buy more notes is not exercised, cash, for the exchange of a portion of its outstanding 1.125% convertible senior notes due 2027 for cash and shares.