Cipher Digital Inc. (CIFR) Form 8-K — Oct 16, 2026
$CIFRForm 8-KItems 1.01, 2.03, 3.02, 7.01, 9.01Filed Oct 16, 2026, 5:26 PM ET0001193125-26-424297Original filing
Cipher Digital Inc. issued $850.0 million of 0.00% Convertible Senior Notes due 2032 on October 16, 2026, with initial purchasers holding a 13-day option for up to $150.0 million more.
Key figures
- Debt Amount
- 850000000
- Interest Rate
- 0
- Maturity Date
- November 1, 2032
- Gross Proceeds
- $850.0 million (plus up to $150.0 million greenshoe)
- Conversion rate
- 65.3211 shares per $1,000 principal
- Capped call cost
- $89.7 million
- Conversion price
- approximately $15.31 per share
- Greenshoe option
- $150,000,000 additional notes, 13-day option
- Exchange 2030 notes
- $165.9 million principal exchanged for ~40.7 million shares
- Existing 2031 notes
- $1.3 billion
- Remaining 2030 notes
- $6.6 million
- Capped call cap price
- $28.35 (150% premium)
- Revolving credit facility
- $200.0 million secured
AI analysis
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