Cerence Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $369.1M
- Price
- $8.16
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.00%
- Volume
- 154.7K
About
Cerence Inc. specializes in developing and providing AI-driven virtual assistants tailored for the global mobility and transportation industry. The company's diverse portfolio includes both embedded (edge) software components and cloud-based solutions, along with relevant development toolkits, applications, and professional services to facilitate virtual assistant coexistence. These offerings are powered by sophisticated conversational artificial intelligence technologies, encompassing capabilities such as advanced speech recognition, natural language understanding, speech signal enhancement, text-to-speech functionalities, and acoustic modeling. Cerence Inc. is headquartered in Burlington, Massachusetts.
Quick stats
Shares outstanding45.2M
Computed float44.4M
Float / shares98.2%
Key info
SectorTechnology
IndustrySoftware - Application
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001768267
Websitehttps://www.cerence.com
AI Summary
AI-generated1/11
standardbullishbuyback
Cerence Announces Repurchase of $10 Million of 1.50% Convertible Senior Notes Due 2028
Cerence Inc. entered into privately negotiated transactions to repurchase $10 million aggregate principal amount of its 1.50% Convertible Senior Notes due 2028 at a price equal to 92.75% of par.
The repurchase is intended to reduce interest expense, eliminate potential dilution from refinancing, and lower leverage by utilizing cash reserves efficiently.
The company will continue to evaluate options for the remaining $170 million of Notes through their maturity in 2028.