---
title: "Hims prices $350M 0.00% convertible notes due 2032, upsized from $300M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286911997.md"
description: "Hims has priced an upsized $350 million offering of 0.00% convertible senior notes due 2032, increased from $300 million. The funds will support international expansion and AI investments, with estimated net proceeds of approximately $338.5 million. The initial conversion rate is set at 33.8590 shares per $1,000 principal, reflecting a ~32.5% premium to the recent stock price."
datetime: "2026-05-19T12:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286911997.md)
  - [en](https://longbridge.com/en/news/286911997.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286911997.md)
---

# Hims prices $350M 0.00% convertible notes due 2032, upsized from $300M

**Hims priced an upsized $350 million 0.00% convertible senior notes offering due 2032 to fund international expansion and AI investments.**

**Key Highlights:**

-   Priced $350M aggregate principal of 0.00% convertible senior notes due June 1, 2032; offering upsized from $300M.
-   Granted initial purchasers an option to buy up to $52.5M additional notes for settlement within 13 days.
-   Initial conversion rate 33.8590 shares per $1,000 principal (≈$29.53 per share), ~32.5% premium to May 18 close of $22.29.
-   Est. net proceeds ≈$338.5M (≈$389.5M if option fully exercised); ~$32.0M earmarked for capped call transactions.
-   Proceeds intended to preserve financial flexibility, support international expansion (including proposed Eucalyptus acquisition), and scale AI, tech and fulfillment infrastructure.

Original SEC Filing: Hims & Hers Health, Inc. \[ HIMS \] - 8-K - May. 19, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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