WhiteFiber proposes $250M convertible notes offering, shares fall 22% premarket
WhiteFiber unveiled a proposed private placement of $250M Convertible Senior Notes due 2032 under Rule 144A, with up to an additional $37.5M available to initial purchasers.
WYFI -22% premarket; Whitefiber unveiled a proposed private placement of USD 250M Convertible Senior Notes due 2032 under Rule 144A.
Initial purchasers may buy up to an additional USD 37.5M of notes within 13 days of issuance.
Proceeds earmarked for cash consideration in concurrent note exchanges, with remaining funds directed to data center expansion.
Note exchanges could involve cash and ordinary shares, with potential share selling pressure from holders unwinding hedges.