Item 8.01 Other Events.

On January 31, 2022, Elanco Animal Health Incorporated ("Elanco") announced the settlement rate for the prepaid stock purchase contracts that are components of its outstanding 5.00% Tangible Equity Units (the "Units") issued in January 2020. On February 1, 2023, holders will receive 1.5625 shares of Elanco's common stock, no par value per share (the "Common Stock"), for each prepaid stock purchase contract that they hold, with cash to be paid in lieu of any fractional shares. Accordingly, upon settlement of all outstanding prepaid stock purchase contracts, Elanco expects to issue an aggregate of approximately 17.2 million shares of Common Stock. On February 1, 2023, Elanco will also make the final installment payment on the amortizing notes that are the other component of the Units. The Units will then cease to be outstanding.

© Edgar Online, source Glimpses