Omeros Corporation is completing the repurchase of $16.0 million in aggregate principal amount of its 9.50% Convertible Senior Notes due 2029. The total purchase price for this initial repurchase, including accrued interest and other obligations, is approximately $31.3 million. Following this repurchase, approximately $54.8 million in aggregate principal amount of these notes will remain outstanding. The company has also entered into agreements to repurchase an additional $14.5 million in aggregate principal amount of these notes. The purchase price for the additional notes is up to approximately $31.0 million, subject to adjustments based on the company's stock price during an averaging period. These additional repurchases are expected to close between July 20, 2026, and July 30, 2026. If the full $14.5 million is repurchased, approximately $40.3 million in aggregate principal amount of notes will remain outstanding. Omeros may seek to replace the cash used for these repurchases with non-convertible debt financing.