Ltair Has Not Designated Any Specific Uses And No Current Agreements Withrespect To Material Acquisition Or Strategic Transaction Altair 39s Intentions With Respect Its Use Of Such Net Proceeds Are Subject Change Contemporaneously The Pricing Notes News Today : Breaking News, Live Updates & Top Stories | Vimarsana

TROY, Mich., June 9, 2022 /PRNewswire/ Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced its intention to offer, subject to market conditions and other factors,$200 millionaggregate principal amount of Convertible Senior Notes due 2027 (the "notes") in a private offering (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act").Altairalso expects to grant the initial purchaser of the notes a 13-day option to purchase up to an additional$30 millionaggregate principal amount of notes (the "additional notes"). The notes will be senior, unsecured obligations ofAltair, and interest on the notes will be payable semi-annually in arrears. Upon conversion, Altair will satisfy its conversion obligation by paying and/or delivering, as the case may be, cash, shares of Altair's Cl

United statesDave simonMonica gouldExchange commissionConvertible senior notesSecurities actCommon stockPrivate securities litigation reform actJune 9022 prnewswire altair nasdaq altrA global leader in computational science and artificial intelligenceOday announced its intention to offerUbject to market conditions and other factors00 millionaggregate principal amount of convertible senior notes due 2027 the quot ina private offering to persons reasonably believed be qualified institutional buyers pursuant rule 144a under securities act 1933S amended the quot securities act altairalso expects to grant initial purchaser of notesa 13 day option purchase up an additional 30 millionaggregate principal amount notes will be seniorNsecured obligations ofaltair