HIVE Announces Upsizing and Pricing of Private Offering of US$115 Million of 0% Exchangeable Senior Notes due 2031
HIVE Digital Technologies priced an upsized US$115 million private offering of 0% exchangeable senior notes due 2031, increasing the deal size from the previously announced US$100 million. The notes are exchangeable into common shares at an initial price of US$4.83, representing a 27.5% premium to the closing price, with an option for purchasers to add an additional US$15 million.
Key figures
- Deal Value Usd
- 115000000
- Net proceeds usd
- 110000000
- Option amount usd
- 15000000
- Exchange price usd
- 4.83
- Interest rate percent
- 0
- Exchange premium percent
- 27.5
- Capped call cap price usd
- 8.5275
AI analysis
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