Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

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Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Announcing the Effective Date of a Make-Whole Fundamental Change

CHARLESTON, S.C., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Reference is made to the Indenture, dated as of December 27, 2018 (the “Indenture”), between Benefitfocus, Inc., a Delaware corporation (“Benefitfocus”) and U.S. Bank Trust Company, National Association, a national banking association, as Trustee (the “Trustee”), relating to Benefitfocus’ 1.25% Convertible Senior Notes due 2023 (the “Notes”). Approximately $6.8 million in Notes remain outstanding. Capitalized terms used but not defined herein shall have the respective meanings given to them in the Indenture.

As previously announced, on November 1, 2022, Benefitfocus entered into an Agreement and Plan of Merger with Voya Financial, Inc., a Delaware corporation (“Voya”) and Origami Squirrel Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Voya (“Merger Sub”) (the “Merger Agreement”), providing for the merger of Merger Sub with and into Benefitfocus (the “Merger), with Benefitfocus surviving the Merger as a wholly-owned subsidiary of Voya. The consummation and effectiveness of the Merger, which occurred on January 24, 2023 (the “Effective Time”), constituted a Fundamental Change, Make-Whole Fundamental Change and Merger Event under the Indenture.

As a result of the Merger, holders of Benefitfocus Common Stock received $10.50, in cash, without interest and subject to any applicable withholding taxes, for each of their shares of Common Stock (other than Excluded Shares as defined in the Merger Agreement). No increase will be made to the Conversion Rate in respect of the Make-Whole Fundamental Change under the Indenture because the price paid per share of the Common Stock in the Make-Whole Fundamental Change was less than $40.90 per share.

About Benefitfocus 
Benefitfocus is a cloud-based benefits administration technology company committed to helping organizations, and the people they serve, get the most out of their health care and benefit programs. Through exceptional service and innovative SaaS solutions, we aim to be the safest set of hands for our customers helping to simplify the complexity of benefits administration while delivering an experience that engages people and unlocks the potential for better health and improved outcomes. Our mission is simple: to improve lives with benefits.

Media Contact: 
Maurissa Kanter
843-981-8859 
pr@benefitfocus.com

Investor Relations: 
Doug Kuckelman 
843-790-7460 
ir@benefitfocus.com
Source: Benefitfocus, Inc.


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