A10 Networks slides on planned $200 million convertible bond offering

A10 Networks

12/03/2025 21:27

** A10 Networks' ATEN.N shares down 10.9% at $17.42 in extended trade

** Network security firm offering $200 million of convertible bonds due 2030 in a private offering

** Co plans to use up to about $44.2 million of the proceeds from the offering to repurchase shares concurrently with the pricing of the offering

** Rest of the proceeds may be used for working capital and other general purposes, including potential future acquisitions

** ATEN has ~74 million shares outstanding for a market cap of $1.45 billion — data compiled by LSEG

** As of last close, ATEN stock up 6.3% YTD after jumping 39.7% in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))