Bitdeer Technologies Group's stock plunged 8.85% in after-hours trading on Thursday, following the company's announcement of a private placement offering of $360 million in convertible senior notes.
The cryptocurrency mining data center company said it intends to offer the convertible notes, subject to market conditions and other factors. While full details were not disclosed, convertible debt offerings typically allow the notes to be converted into shares of the company's common stock at a later date.
Such debt-to-equity conversion can dilute the value of existing shares and put downward pressure on the stock price. Investors appeared to react negatively to Bitdeer's offering news, sending the shares sharply lower in extended trading after the announcement.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。