Cerence Inc. 8-K

What Happened Cerence Inc. announced in an 8-K filed Dec. 29, 2025 that on Dec. 23, 2025 it entered into privately negotiated transactions to repurchase $30 million aggregate principal amount of its 1.50% Convertible Senior Notes due 2028. The company paid a cash repurchase price equal to 92% of principal plus accrued and unpaid interest to (but not including) the settlement date, and intends to cancel the repurchased notes.

Key Details

• Company: Cerence Inc.; filing date: December 29, 2025 (transactions occurred Dec. 23, 2025).
• Notes: 1.50% Convertible Senior Notes due 2028.
• Amount repurchased: $30 million aggregate principal.
• Price paid: 92% of principal plus accrued and unpaid interest to (but not including) settlement date.
• Company statement: intends to cancel the repurchased Notes. Filing signed by Jennifer Salinas (EVP, CAO & General Counsel).

Why It Matters

• The repurchase reduces Cerence’s outstanding convertible debt by $30 million, lowering the principal amount of notes that could remain outstanding or convert into equity.
• The transaction used cash to repurchase debt at a discount (92% of par), which may modestly reduce future interest obligations and potential dilution from conversions for the cancelled portion.
• Details on funding for the repurchase or any wider impact on liquidity, leverage ratios, or accounting treatment were not provided in the 8-K; investors should watch for further disclosures in future filings or financial statements.