On May 11, 2023, Alta Fox purchased from Daktronics $25,000,000 in Convertible Notes, due on May 11, 2027. The Notes bear interest at a rate of 9% per annum.
In conjunction with the issuance of the Convertible Notes, the Company entered into capped call transactions with a cap price of $14.72 (representing a premium of 100% over the last reported sale ...