On September 10, 2026, Impinj, Inc. entered into privately-negotiated exchange agreements to retire $56.3 million in aggregate principal amount of its outstanding 1.125% Convertible Senior Notes due 2027. The company agreed to pay approximately $56.5 million in cash and issue roughly 188,451 shares of common stock based on a reference price, with final amounts subject to adjustment during a measurement period ending September 14, 2026. Closings are expected around September 16, 2026, funded by existing cash reserves, leaving approximately $1.0 million in notes outstanding. Impinj operates in the technology sector as a leading provider of RAIN RFID solutions and Internet of Things hardware.

Impinj reported second quarter 2026 financial results with revenue of $108.4 million and GAAP net income of $12.2 million, or $0.39 per diluted share. Adjusted EBITDA reached $30.7 million, while non-GAAP net income was $27.0 million, or $0.86 per diluted share. The company provided third quarter 2026 revenue guidance of $105.5 to $108.5 million and non-GAAP earnings per share guidance of $0.59 to $0.63. Impinj operates in the Internet of Things sector, providing RAIN RFID solutions for asset tracking and inventory management.