MongoDB Inc.
MongoDB Announces Redemption of $1.15 Billion Convertible Senior Notes
Summary
On October 16, 2024, MongoDB, Inc. issued a notice to redeem all $1,149,972,000 aggregate principal amount outstanding of its 0.25% Convertible Senior Notes due 2026. The redemption is set for December 16, 2024, at a price of 100% of the principal plus accrued interest from July 15, 2024. Notes can be converted up until 5:00 p.m. (New York City time) on December 13, 2024, at a conversion rate of 4.9260 shares of Common Stock per $1,000 principal amount of the Notes, reflecting an increase of 0.1911 shares due to the redemption call.
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About MongoDB Inc.
MongoDB Inc. is a leading provider of modern database platforms designed for broad applicability across a variety of use cases. The company is renowned for its flagship product, MongoDB, a NoSQL database program that is open-source and offers a flexible data model, scalability, and developer focused performance. MongoDB’s architecture supports both small to enterprise-scale applications, accommodating a wide range of deployment options from cloud to on-premises environments. MongoDB Atlas, the fully-managed global cloud database service offered by the company, simplifies database operation and automates time-consuming administration tasks such as hardware provisioning and backup. This product suite is integral across various industries including finance, healthcare, and telecommunications, facilitating seamless integration of complex data processing. MongoDB Inc., headquartered in New York City, plays a crucial role in helping organizations transition to agile database management systems, emphasizing speed and flexibility for application developers across the globe.
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