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TROY, Mich., June 10, 2022 /PRNewswire/ Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence, today announced the pricing of $200 million aggregate 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"). Altair also granted the initial purchaser of the notes a 13-day option to purchase up to an additional $30 million aggregate principal amount of notes. The sale of the notes to the initial purchaser is expected to settle on June 14, 2022, subject to customary closing conditions, and is expected to result in approximately $194.6 million (or approximately $223.9 million if the initial purchaser exercises its option to purchase additional notes in full) in net proceeds to Altair after deducting the initial purcha

United statesDave simonMonica gouldExchange commissionBlueshirt groupConvertible senior notesSecurities actCommon stockNasdaq global select marketPrivate securities litigation reform actJune 10022 prnewswire altair nasdaq altrA global leader in computational science and artificial intelligenceOday announced the pricing of 200 million aggregate principal amount convertible senior notes due 2027 quot ina private offering to persons reasonably believed be qualified institutional buyers pursuant rule 144a under securities act 1933S amended the quot securities act altair also granted initial purchaser of notesa 13 day option to purchase up an additional 30 million aggregate principal amount notes sale is expected settle on june 14Ubject to customary closing conditions