Watch for the actual conversion rate by October 19 — if the stock trades above ~$6.06, note holders will likely convert, resulting in manageable dilution. If below, Equinox will pay cash, reducing leverage. The redemption itself is a credit-positive signal of liquidity.
Price Chart
Executive Summary
Equinox Gold is redeeming all $172.5M of its 4.75% convertible senior notes due 2028, with a conversion deadline of October 19, 2026. If all notes convert, up to 28.5M shares (2.44% of outstanding) will be issued at an adjusted conversion price of ~$6.06. The redemption signals management's confidence in its cash position and ability to retire debt, while the modest dilution is manageable.
Key Facts
- Equinox Gold is redeeming all $172.5M aggregate principal of its 4.75% Convertible Senior Notes due October 2028.
- Redemption date is October 20, 2026; conversion deadline is October 19, 2026 at 5:00 PM New York time.
- Conversion rate adjusted to 165.0732 common shares per $1,000 principal (conversion price ~$6.0579).
- If all notes convert, up to 28,475,124 common shares will be issued, representing ~2.44% of shares outstanding.
- Redemption price is 100% of principal plus accrued interest (~$1,000.66 per $1,000 note).
Financial Impact
Up to $172.5M in debt retired; potential dilution of 2.44% if all notes convert to equity.
Risk Factors
- If the stock price is below the conversion price at the deadline, note holders may choose cash redemption, requiring Equinox to deploy $172.5M in cash.
- Full conversion would add 2.44% share dilution, though modest.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-006132 |
| Document: f6k_092126.htm | 0001171843-26-006132 |
| Document: 0001171843-26-006132-index-headers.html | 0001171843-26-006132 |
| Document: 0001171843-26-006132-index.html | 0001171843-26-006132 |
| Document: 0001171843-26-006132.txt | 0001171843-26-006132 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 13d ago | 6-K | $10.85 $10.29 | ▼ −5.16% | ▼ −4.08% | $10.05 (−7.37%) |
Sep 29, 2026 27d ago | 6-K | $11.40 $11.11 | ▼ −2.54% | ▼ −2.34% | $10.05 (−11.84%) |
Sep 21, 2026 5w ago | 6-K | $12.16 $12.76 | ▲ +4.93% | ▲ +4.95% | $10.05 (−17.35%) |
Sep 21, 2026 5w ago | Press Release | $12.16 $12.76 | ▲ +4.93% | ▲ +4.95% | $10.05 (−17.35%) |
Aug 5, 2026 11w ago | Press Release | $10.74 $11.58 | ▲ +7.82% | ▲ +7.21% | $10.05 (−6.42%) |
Jul 31, 2026 12w ago | 6-K | $8.95 $9.18 | ▲ +2.57% | ▲ +1.15% | $10.05 (+12.29%) |
Jul 31, 2026 12w ago | Press Release | $8.95 $9.18 | ▲ +2.57% | ▲ +1.15% | $10.05 (+12.29%) |
Jul 22, 2026 13w ago | Press Release | $9.35 $9.29 | ▼ −0.64% | ▲ +0.59% | $10.05 (+7.49%) |
Jul 10, 2026 15w ago | 6-K | $9.76 $9.45 | ▼ −3.18% | ▼ −2.41% | $10.05 (+2.97%) |
Jul 9, 2026 15w ago | 6-K | $9.74 $9.76 | ▲ +0.21% | ▼ −0.23% | $10.05 (+3.18%) |
US Market Status
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