MicroStrategy Completes $1.01 Billion Convertible Preferred Stock Offering
Article is form Jinse
September 20, 2024
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According to Golden Finance, MicroStrategy completed a $1.01 billion convertible note offering with a 0.625% coupon rate and a 40% conversion premium. This includes $135 million in notes issued pursuant to a purchase agreement that granted the initial purchaser a purchase option exercisable for 13 days from the initial issuance date. The initial purchaser exercised the option in full on September 18, 2024, with the additional purchase completed on September 19, 2024.
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