IREN Stock, Convertible Notes Offerings Send Shares Lower

IREN Limited. (NASDAQ:IREN) stock dropped in Monday's extended trading after the company announced a registered direct offering of ordinary shares, as well as $1 billion in convertible senior notes due 2032 and $1 billion in convertible senior notes due 2033.IREN stock is moving. Watch the price action here.The Details: IREN announced a private offering of ordinary shares in order to fund the repurchase of its existing 2029 convertible notes and existing 2030 convertible notes.Read Next: Quantum Stocks Blee ...