RETRANSMISSION: 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 at an initial price of approximately US$4.83 per share, representing a 27.5% premium to the Nasdaq closing price on June 25, 2026, with an option for purchasers to buy an additional US$15 million. Net proceeds of approximately US$110 million are expected to be used for capital investment, including the purchase of graphics processing units and data center development.
Key figures
- Deal Value Usd
- 115000000
- Coupon
- 0%
- Cap price
- 8.5275
- Option amount
- 15000000
- Exchange price
- 4.83
- Exchange premium
- 27.5%
- Principal amount
- 115000000
- Net proceeds base
- 110000000
- Net proceeds with option
- 124500000
AI analysis
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