Tag

Convertible Notes

All articles tagged with #convertible notes

business29 days ago•13 min saved

Joby Aviation slides on plan to raise $1B with convertibles and stock offering

Joby Aviation announced a roughly $1 billion capital raise consisting of convertible senior notes due 2032 and a concurrent equity offering, with notes potentially converting at up to a 30% premium and stock shares priced at a discount to the current price. The move triggered a premarket stock decline as the company aims to fund its production-expansion plan to double output by 2027; cash on hand was $978.1 million at the end of Q3.

via Sherwood News|

#business #capital-raise #convertible-notes

business5 months ago•2 min saved

Alibaba Raises $3.2B for Cloud and AI Expansion Amid Stock Fluctuations

Alibaba's stock (BABA) declined following a $3.2 billion convertible notes offering, which raised concerns among investors about the company's financial strategy and impact on stock value.

via TipRanks|

#alibaba #baba #business

business8 months ago•6 min saved

GameStop Faces Stock Drop Amid Massive Debt and Strategic Shifts

GameStop announced the pricing of a $2.25 billion private offering of convertible senior notes due 2032, with an option to increase the offering by $450 million. The proceeds are intended for general corporate purposes, including investments and acquisitions. The notes are unsecured, do not bear interest, and can be converted into GameStop stock under certain conditions. The offering is expected to close on June 17, 2025.

via Business Wire|

#business #convertible-notes #funding

business8 months ago•2 min saved

GameStop Shares Drop Over 20% Amid Funding and Bitcoin Strategy

GameStop's stock plummeted over 22% after announcing a $1.75 billion convertible notes offering, likely to buy Bitcoin, but the move has raised concerns about timing and strategy. The stock has fallen 40% from its recent high, and analysts recommend against buying due to lack of clear strategy and weak fundamentals, with one analyst setting a target of $13.50, indicating further downside.

via Barchart.com|

#bitcoin #business #convertible-notes

finance1 year ago•2 min saved

MicroStrategy's Wild Ride: Bitcoin Volatility Fuels Stock Swings

MicroStrategy's stock has surged 490% this year, driven by co-founder Michael Saylor's aggressive Bitcoin acquisition strategy, which has attracted significant hedge fund interest. The company's $6 billion in convertible notes, used to finance its cryptocurrency holdings, have become popular for market-neutral arbitrage strategies. Hedge funds like Calamos Advisors are capitalizing on MicroStrategy's high volatility, with daily stock movements averaging 5.2%. However, some critics warn of potential risks if the strategy fails.

via Yahoo Finance|

#bitcoin #convertible-notes #finance

finance1 year ago•3 min saved

MicroStrategy's Bold Bitcoin Moves Attract Investor Frenzy

MicroStrategy, led by Michael Saylor, successfully completed a $3 billion offering of 0% convertible senior notes due 2029, which attracted investors despite offering no interest. The notes allow investors to convert them into equity at a premium, providing potential upside. The funds raised were used to purchase 55,500 Bitcoin, aligning with MicroStrategy's strategy of increasing Bitcoin holdings. Analysts see this approach as sustainable under favorable conditions, with potential for significant growth in Bitcoin holdings. MicroStrategy's stock has shown strong performance, significantly outperforming the Nasdaq 100 Index in 2024.

via Benzinga|

#bitcoin #convertible-notes #finance

finance1 year ago•1 min saved

MicroStrategy Surges Amid Bitcoin Boom and Bold Investment Moves

MicroStrategy's stock rose over 8% in pre-market trading as Bitcoin neared $98,000. The company announced an increase in its convertible senior notes offering to $2.6 billion, with proceeds intended for further Bitcoin acquisition and general purposes. This move aligns with MicroStrategy's strategic pivot towards Bitcoin since 2020, which has significantly boosted its market capitalization.

via Benzinga|

#bitcoin #convertible-notes #cryptocurrency

finance1 year ago•1 min saved

MicroStrategy Boosts Bitcoin Holdings with $2.6B Debt Deal

Microstrategy (NASDAQ:MSTR) announced an upsized offering of $2.6 billion in 0% convertible senior notes due 2029, with an option to increase to $3 billion, to fund further Bitcoin purchases. The company, which has been heavily investing in Bitcoin since 2020, now holds 331,200 tokens. This move aligns with investor hopes for a more crypto-friendly U.S. administration under President-elect Donald Trump. MSTR stock rose 10.93% following the announcement, reflecting its strong correlation with Bitcoin's recent rally to $94,000. Analysts rate MSTR as a Strong Buy, despite potential downside risks.

via TipRanks|

#bitcoin #convertible-notes #finance

finance1 year ago•2 min saved

MicroStrategy's $2.6B Bitcoin Bet Fuels Stock Surge and Saylor's Wealth

MicroStrategy has increased its convertible notes offering from $1.75 billion to $2.6 billion due to high demand, aiming to purchase more Bitcoin. The zero-interest notes, maturing in 2029, are available to institutional buyers and can be redeemed for cash or stock. This move aligns with MicroStrategy's strategy to maximize shareholder value by investing heavily in Bitcoin, positioning itself as a major Bitcoin treasury company.

via Decrypt|

#bitcoin #convertible-notes #finance

finance1 year ago•2 min saved

MicroStrategy Raises $1.75B to Boost Bitcoin Investments

MicroStrategy plans to raise $1.75 billion through convertible notes to expand its Bitcoin holdings, aiming to acquire up to 19,000 additional BTC. The company, led by Michael Saylor, recently purchased $4.6 billion worth of Bitcoin, bringing its total to 331,200 BTC, now valued at over $30 billion. The notes, maturing in 2029, will be offered to institutional buyers and can be converted into cash or stock. MicroStrategy's aggressive Bitcoin strategy has significantly boosted its market capitalization and stock value.

via Decrypt|

#bitcoin #convertible-notes #finance

cryptocurrency1 year ago•1 min saved

"MicroStrategy's Second Note Sale Funds Bitcoin Acquisition"

MicroStrategy Inc. is selling $500 million in convertible notes to buy more Bitcoin, marking its second note sale in less than two weeks. The company, which has already spent over $1 billion on Bitcoin this year, plans to offer initial purchasers an option to buy up to an additional $75 million. The move comes as Bitcoin has surged to record highs, with MicroStrategy holding more than $14 billion worth of the cryptocurrency. This follows a similar move by Coinbase Global Inc., which announced plans to offer $1 billion in convertible senior notes.

via Yahoo Finance|

#bitcoin #convertible-notes #cryptocurrency

finance1 year ago•1 min saved

"Coinbase's $1 Billion Convertible Notes Sale Sparks Stock Surge"

Coinbase plans to raise $1 billion through a private offering of convertible senior notes, causing its stock to rise by 3%. The notes, maturing in 2030, can be converted into cash or shares of Coinbase’s Class A common stock. This move follows the footsteps of MicroStrategy, which recently offered $600 million worth of convertible senior notes to purchase more Bitcoin. Coinbase, as America’s largest digital asset exchange, is also serving as the custodian and surveillance sharing partner for major fund managers launching spot Bitcoin exchange-traded products, which have seen significant success with over $60 billion in assets under management.

via Decrypt|

#coinbase #convertible-notes #cryptocurrency

financetechnology1 year ago•1 min saved

"Coinbase's $1B Convertible Notes Strategy Amid Stock Surge"

Coinbase, a leading US-based cryptocurrency exchange, plans to raise $1 billion through senior convertible notes, targeting institutional investors, to repay existing debt and for general business purposes. The offering comes as Coinbase stock enjoys a two-year high and follows a similar strategy by MicroStrategy, a major Bitcoin investor. The move allows Coinbase to raise capital while delaying stock dilution and reflects the broader cryptocurrency market rally despite a slight dip in stock price following the announcement.

via Yahoo Finance|

#coinbase #convertible-notes #cryptocurrency-exchange

business2 years ago•1 min saved

"Nikola's Stock Plummets as Company Announces New Share and Convertible Note Offerings"

Nikola Corp shares plummeted after the electric vehicle manufacturer announced plans to issue $100 million in new shares and $200 million in convertible senior notes. The funds will be used for working capital, general corporate purposes, and projects aligned with the Green Bond Principle. The company has faced numerous setbacks, including managerial turmoil, issues with its all-electric trucks, and job cuts. Nikola's stock has fallen 55% this year, and the recent announcement further contributed to the decline.

via Yahoo Finance|

#business #convertible-notes #electric-vehicles

business2 years ago•0 min saved

"Nikola's Stock Plunges 16% as Company Announces Equity and Debt Raises"

Nikola Corp's stock dropped over 16% after the electric vehicle company announced plans to raise $100 million through a stock offering and $200 million through convertible notes. The proceeds will be used for working capital, general corporate purposes, and financing or investing in its projects.

via MarketWatch|

#business #convertible-notes #ev-company