IMAX Corporation Prices $220 Million Convertible Senior Notes Offering

Contributing sentiments towards policy:

51% : In addition, the notes will be redeemable, in whole and not in part, at IMAX's option at any time in connection with certain changes in tax law.
47% : However, whether actual results and developments will conform with the expectations and predictions of IMAX is subject to a number of risks and uncertainties, including, but not limited to, risks associated with investments and operations in foreign jurisdictions and any future international expansion, including those related to economic, political and regulatory policies of local governments and laws and policies of the United States, Canada and China, including with respect to escalating and uncertain tariffs and other trade regulations, as well as economic and trade tensions, trade wars and geopolitical conflicts and the effects thereof; risks related to IMAX's growth and operations in China; industry conditions in China affecting both IMAX and its partners; risks related to the failure of IMAX's exhibitors being able to fulfill their contractual payment obligations; risks related to IMAX's failure to attract and retain its employee population; the performance of IMAX remastered films and other films released to the IMAX network; the signing of IMAX system agreements; conditions, changes and developments in the commercial exhibition industry; risks related to IMAX's inability to enter into new sales and lease agreements adversely affecting revenue; risks related to IMAX's operating results and cash flow increasing the volatility of IMAX's share price; risks related to currency fluctuations and foreign exchange controls; the potential impact of increased competition in the markets within which IMAX operates, including competitive actions by other companies; the failure to respond to change and advancements in technology; risks relating to consolidation among commercial exhibitors and studios; risks related to brand extensions and new business initiatives; conditions in the in-home and out-of-home entertainment industries; the opportunities (or lack thereof) that may be presented to and pursued by IMAX; risks related to cybersecurity and data privacy; risks related to IMAX's inability to protect its intellectual property and to avoid infringing, misappropriating or violating the intellectual property rights of others; risks associated with IMAX's use of artificial intelligence and exploration of additional use cases of artificial intelligence; risks related to climate change; risks related to weather conditions and natural disasters that may disrupt or harm IMAX's business; risks related to IMAX's indebtedness and compliance with its debt agreements; general economic, market or business conditions; risks related to sustained inflationary pressure; risks related to political, economic and social instability; the failure to convert system backlog into revenue and cash flows; changes in laws or regulations; any statements of belief and any statements of assumptions underlying any of the foregoing; other factors and risks outlined in IMAX's periodic filings with the U.S. Securities and Exchange Commission or, in Canada, the System for Electronic Data Analysis and Retrieval; and other factors, many of which are beyond IMAX's control.

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