Financial Transactions

Ligand Pharmaceuticals (LGND) priced $400M convertible senior notes due 2030 in a private placement. The notes have a 0.75% interest rate and an initial conversion price of $194.79 per share, a 32.5% premium. Ligand expects $386.9M net proceeds, using $39.9M for hedge transactions, $15M to repurchase shares, and the rest for corporate purposes. The notes can be converted under certain conditions, and Ligand may redeem them after October 2028 if its stock price reaches 130% of the conversion price.

ASML Holding executed a share buyback program from June 2-6, 2025, repurchasing 94,040 shares at prices between €643.47 and €663.09. The total value of the repurchases was approximately €61.47 million. This buyback is part of the existing capital return strategy announced on November 10, 2022, and complies with Market Abuse Regulation (Nr. 596/2014).