EchoStar (SATS) Opens Convertible Note Conversion for Investors from 2026

EchoStar Opens Convertible Note Conversion for Investors

EchoStar Corporation (NASDAQ: SATS) announces that holders of its 3.875% Convertible Senior Secured Notes due 2030 can exercise their conversion options between January 1 and March 31, 2026. This development allows investors to convert their notes into cash, shares of common stock, or a combination of both based on the company's discretion. The ability to convert the notes is triggered as the last reported price of EchoStar's common stock surpasses 130% of the conversion price during a designated trading period, indicating a positive market perception of the company.

The conversion rate is set at 29.73507 shares per $1,000 principal amount, translating to a conversion price of approximately $33.63 per share. This mechanism provides an attractive opportunity for investors, allowing conversions starting from a minimum of $1.00. EchoStar has issued a detailed notice outlining the terms and conditions for the conversion process, which investors can access through The Depository Trust Company or request from The Bank of New York Mellon Trust Company, N.A., the designated conversion agent. However, the company clarifies that it does not offer any recommendations regarding the conversion, emphasizing that this announcement does not constitute a solicitation for the sale of securities.

As a leader in the connectivity and technology sector, EchoStar prides itself on delivering a diverse range of services, including television entertainment, networking solutions, and satellite connectivity. Operating under well-known brands such as Boost Mobile®, Sling TV, Hughes®, and EchoStar®, the company maintains a significant global presence, extending its reach across Europe and Australia. This strategic positioning allows EchoStar to cater to a broad audience, further enhancing its appeal in the competitive telecommunications market.

In addition to the note conversion announcement, EchoStar continues to focus on expanding its services and optimizing its operational efficiencies. The company's commitment to innovation and customer satisfaction remains a cornerstone of its strategy, aiming to leverage its technological advancements to meet the evolving needs of its clientele. For more information, EchoStar encourages interested parties to visit its official website at www.echostar.com.