07:01 AM EDT, 06/17/2026 (MT Newswires) -- NeoGenomics ( NEO ) priced a private offering of $275 million aggregate principal amount of 0.75% convertible senior notes due 2032 to qualified institutional buyers, the company said Wednesday.

NeoGenomics ( NEO ) also granted the initial purchasers an option to purchase up to an additional $41.3 million worth of the notes. The offering is expected to close on June 22.

NeoGenomics ( NEO ) said the notes will be senior unsecured obligations and will bear interest at a rate of 0.75% annually, payable semiannually in arrears on Jan. 1 and July 1 of each year, beginning in 2027.

The notes will mature on July 1, 2032, unless earlier converted, redeemed or repurchased.

The initial conversion rate is 70.6140 shares per $1,000 principal amount of notes, representing an initial conversion price of approximately $14.16 per share of NeoGenomics ( NEO ) common stock.