EchoStar Corporation Extends Conversion Period for Convertible Notes Due in 2030

On January 5, 2026, EchoStar Corporation (NASDAQ: SATS) issued a notification to holders of its 3.875% Convertible Senior Secured Notes set to mature in 2030. The company has announced that the conversion period for these notes will commence from January 1, 2026, and will conclude at the close of business on March 31, 2026.

This decision allows note holders the option to convert their holdings either into cash, shares of the company’s common stock, or a combination of both, at the discretion of EchoStar. The primary reason behind this conversion capability is that the company's common stock price for over 20 trading days within a preceding 30-day period has consistently exceeded 130% of the established conversion price. This indicates a favorable market condition for the notes to become convertible.

At a conversion rate of 29.73507 shares of common stock per $1,000 of principal amount, this conversion price translates to approximately $33.63 per share. This structured option allows holders the flexibility to surrender their notes for conversion, starting with minimum principal amounts of $1 or multiples thereof.

EchoStar has proactively communicated this update to its investors, laying out the terms, conditions, and procedural details associated with the conversion option. The notice can be accessed through The Depository Trust Company or by contacting The Bank of New York Mellon Trust Company, N.A., which has been designated as the conversion agent.

It’s important to note that neither EchoStar Corporation, its Board of Directors, nor its employees have provided guidance or recommendations regarding the exercise of this conversion option, leaving the decision entirely up to the note holders.

This press release should not be interpreted as a solicitation to buy or sell securities. Such actions may require compliance with specific legal requirements across various jurisdictions.

About EchoStar Corporation

EchoStar Corporation is widely recognized as a premier provider of technology, networking services, and television entertainment. The company operates under multiple brand names, including EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™, delivering solutions to customers worldwide, including consumers and government entities.
In Europe, its operations are managed through EchoStar Mobile Limited, while in Australia, it identifies as EchoStar Global Australia. For detailed information on the company's offerings, visit their official website or follow them on platforms like X (formerly known as Twitter) and LinkedIn.

As EchoStar navigates the evolving landscape of technological advancements, such initiatives as the extended conversion period on these notes demonstrate its commitment to providing flexible options for its investors, encouraging engagement and participation in the company's growth journey.