Lenovo converts and cancels 2029 convertibles; dismisses Asus patent suit
Lenovo converted and canceled most US$675M 2.50% 2029 convertibles, issuing ~27.79M shares. It also moved to dismiss its 2023 patent suit vs. Asus and launched the AI-ready ThinkAgile VX850 V4 for heavy virtualized enterprise workloads.
79M shares in the process. The company also moved to dismiss its 2023 patent suit against Asus after ITC setbacks, and introduced the AI-ready ThinkAgile VX850 V4 for heavy virtualized enterprise workloads.