Quotient Technology Inc. (NYSE:QUOT) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a RegistrantItem 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On November 22, 2017, to that certain Purchase Agreement, dated as of November 14, 2017, by and between Quotient Technology Inc. (the “Company”) and Morgan Stanley & Co. LLC, as representative of the several initial purchasers named therein (the “Initial Purchasers”), the Initial Purchasers notified the Company of the exercise of their 13-day option to purchase an additional $25.0 million of the Company’s 1.75% Convertible Senior Notes due 2022 (the “Additional Notes”).On November 27, 2017, the Company issued the Additional Notes to the Initial Purchasers to an exemption from the registration requirements of the Securities Act afforded by Section 4(a)(2) of the Securities Act of 1933, as amended.The net proceeds from the sale of the Additional Notes were approximately $24.3 million, after deducting the Initial Purchasers’ discount and the estimated offering expenses payable by the Company.
The Company had previously issued $175.0 million aggregate principal amount of 1.75% Convertible Senior Notes due 2022 on November 17, 2017 (together with the Additional Notes, the “Notes”).The Notes were issued to that certain Indenture (the “Indenture”), dated as of November 17, 2017, between the Company and U.S. Bank National Association, as trustee.The terms of the Indenture and the Notes are summarized in Item 2.03 the Company’s Current Report on Form 8-K filed by the Company on November 17, 2017, which terms are incorporated into this Item 2.03 of this Current Report on Form 8-K by reference thereto.
Item 2.03. Unregistered Sales of Equity Securities
The information set forth in Item 2.03 above is incorporated by reference into this Item 2.03.
Item 2.03. Financial Statements and Exhibits.
(d)Exhibits.
About Quotient Technology Inc. (NYSE:QUOT)
Quotient Technology Inc., formerly Coupons.com Incorporated, is a provider of digital promotions and media solutions. The Company connects consumer packaged goods (CPG) brands and retailers with shoppers by offering digital promotions and media to shoppers through mobile, Web and social channels. The Company’s platform is used by brands, as well as retailers in the grocery, drug, dollar, club and mass merchandise channels to engage shoppers at the critical moments when they are choosing what products to buy and where to shop. Through its platform, CPGs and retailers are able to reach shoppers on the Web and on mobile devices by offering digital coupons through its network, which includes the Coupons.com Website and its Coupons.com, Grocery iQ and Shopmium a receipt-scanning, cash-back mobile application platform; CPG and retailer Websites and mobile applications, and the Websites and mobile applications of over 30,000 registered partner sites included in its publisher network.