TeraWulf (WULF) said Thursday that it has upsized and priced its private offering of $425 million of 2.75% convertible senior notes due in 2030.
Initial purchasers have a 13-day option to buy up to an additional $75 million in notes, the company said.
The company expects net proceeds of about $414.9 million, or about $488.1 million if the initial purchasers fully exercise their option to buy more notes. It plans to use around $51 million of these proceeds to cover costs related to capped call transactions, $115 million to buy back shares of its common stock, and the rest for general corporate purposes.
The offering is set to close on Friday, the company said.
Price: 6.27, Change: -0.13, Percent Change: -2.03
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。