Lumentum Holdings (LITE) Announces $650.4 Million Private Share Exchange Transaction
Key takeaways
- (NASDAQ:LITE) is one of the best AI infrastructure stocks, with upside potential of 28.7%.
- (NASDAQ:LITE) announced agreements with noteholders to exchange approximately $650.4 million of its 0.50% convertible senior notes due 2028 for roughly 5 million shares of its common stock.
- That announcement came as the stock already carried strong momentum.
Lumentum Holdings (LITE) Announces $650.4 Million Private Share Exchange Transaction Faheem Tahir Thu, June 4, 2026 at 11:11 PM GMT+7 2 min read LITE On the back of strong confidence from hedge funds and Wall Street, Lumentum Holdings Inc. (NASDAQ:LITE) is one of the best AI infrastructure stocks, with upside potential of 28.7%.
On June 1, 2026, Lumentum Holdings Inc. (NASDAQ:LITE) announced agreements with noteholders to exchange approximately $650.4 million of its 0.50% convertible senior notes due 2028 for roughly 5 million shares of its common stock. Lumentum will receive no cash from the transaction, but the exchanged debt will be canceled. After the deal closes around Thursday, approximately $172.2 million of the convertible notes will remain outstanding. The company added that the exchange will result in modest additional share dilution of about 0.8 million shares tied to the principal amount.
That announcement came as the stock already carried strong momentum.