Core Viewpoint - Ramaco Resources, Inc. has announced a public offering of $300 million in 0% convertible senior notes due 2031, with net proceeds expected to be approximately $290.9 million, aimed at funding various strategic initiatives including a rare earth elements project [1][2]. Offering Details - The notes will settle on November 7, 2025, and underwriters have an option to purchase an additional $45 million to cover over-allotments [1][2]. - Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC are the book-running managers for the offering, with several firms acting as co-managers [3]. Financial Structure - The notes will be senior, unsecured obligations that do not bear regular interest, and the principal will not accrete [4]. - Noteholders can convert their notes under specific conditions, with an initial conversion rate of 30.5460 shares per $1,000 principal amount, equating to a conversion price of approximately $32.74 per share, representing a 35% premium over the public offering price of $24.25 [5]. Redemption and Repurchase Rights - The notes are redeemable at Ramaco's option starting November 6, 2028, if the stock price exceeds 130% of the conversion price for a specified period [6]. - In the event of a "fundamental change," noteholders may require Ramaco to repurchase their notes for cash at the principal amount plus any accrued interest [7]. Capped Call Transactions - Ramaco has entered into capped call transactions to cover the shares underlying the notes, with an initial cap price of approximately $54.56 per share, a 125% premium over the public offering price [8][10]. - These transactions are designed to reduce potential dilution of Ramaco's Class A common stock upon conversion of the notes [11]. Concurrent Offering - Ramaco is also conducting a concurrent delta offering of 2,245,126 shares of Class A common stock at a price of $24.25 per share, with no new shares being issued and no proceeds going to Ramaco [14]. - The completion of the notes offering is contingent upon the successful completion of the concurrent delta offering [14]. Company Overview - Ramaco Resources, Inc. operates in metallurgical coal and is developing projects in rare earth elements and critical minerals, with operational offices in West Virginia and Wyoming [18].

Core Viewpoint - Live Nation Entertainment, Inc. has priced its offering of $1.3 billion in 2.875% convertible senior notes due 2031, intending to use the proceeds for debt redemption and general corporate purposes [1][5]. Group 1: Convertible Notes Offering - The company priced its convertible senior notes at 100% of their principal amount, with an initial conversion rate of 4.4459 shares per $1,000 principal amount, equating to a conversion price of approximately $224.93 per share [1][2]. - The notes will accrue interest at 2.875% per annum, payable semi-annually, and will mature on October 15, 2031 [4]. - The company has granted initial purchasers the right to buy an additional $100 million in convertible notes within 13 days of issuance [3]. Group 2: Use of Proceeds - Proceeds from the offering will be used to fully redeem the company's 5.625% Senior Notes due 2026, repay amounts under existing credit facilities, cover related fees, and for general corporate purposes [1][6]. - The planned redemption of the 2026 notes is contingent upon receiving at least $302,437,500 in gross proceeds from the offering [5]. Group 3: Credit Facilities - Following the offering, the company plans to amend or refinance its existing senior secured credit facility, which includes a term loan B facility of $1.3 billion and a $700 million delayed draw term loan A facility [6][7].

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Core Viewpoint - Adtran Holdings Inc. announced a $150 million convertible senior notes offering, leading to a 9.96% drop in share price to $9.40 in after-hours trading, despite a 3.26% increase to $10.44 during regular trading hours [1]. Notes Structure And Terms - The company plans to offer convertible notes due in 2030 through a private placement to qualified institutional buyers, with an option for initial buyers to purchase an additional $22.5 million in notes [2]. Redemption, Capital Use - The notes will mature on September 15, 2030, with interest paid semi-annually. The company can redeem the notes starting September 20, 2028, if the stock exceeds 130% of the conversion price. Proceeds will be used for capped call transactions and to repay existing credit agreement borrowings from July 2022 [3][4]. Market Impact Concerns - Adtran plans to enter into capped call transactions to minimize dilution when the notes are converted. However, if the stock price exceeds certain thresholds, this could still lead to dilution or additional cash payment requirements [5]. Historical Performance - In 2025, Adtran's stock reached a high of $11.83 and a low of $7.18, reflecting a 25.33% gain for the year. The company has an annual price range of $5.26 to $12.44, a market capitalization of $835.74 million, and an average trading volume of 961,010 shares [6]. Stock Rankings - Adtran is rated with strong momentum at 88.99 and moderate growth at 11.57, indicating an uptick in price trends across short, medium, and long-term periods [7].

Group 1 - Enovix Corp. announced its intent to offer $300 million aggregate principal amount of convertible senior notes due 2030, which led to a decline in its shares during extended trading [1] - The company will grant initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount [1] - Enovix shares fell 12.9% to $7.97 during publication, reflecting a broader trend affecting lithium battery-related companies [3] Group 2 - A portion of the net proceeds from the offering is expected to be used to pay for capped call transactions related to the offering [2] - Enovix shares experienced a dip alongside other lithium battery companies due to reports that Contemporary Amperex Technology is set to resume mining operations at the Jianxiawo mine in China [2]

Core Viewpoint - TeraWulf Inc. plans to offer $400 million in convertible senior notes due 2031, subject to market conditions, to qualified institutional buyers [1][10] Group 1: Offering Details - The company may grant initial purchasers an option to buy an additional $60 million in convertible notes within 13 days of the initial issuance [2] - The offering is contingent on market conditions, and there is no assurance regarding its completion [2] - The convertible notes will be senior unsecured obligations, accruing interest payable semi-annually starting March 1, 2026, and maturing on September 1, 2031 [4] Group 2: Use of Proceeds - Net proceeds from the offering will be used to cover costs related to capped call transactions and to finance data center expansion and general corporate purposes [3] Group 3: Conversion Terms - The convertible notes can be converted into cash or a combination of cash and shares of common stock, subject to stockholder approval for an increase in authorized shares [5] - Conversion is restricted until certain conditions are met prior to June 1, 2031, after which it can occur at any time until two trading days before maturity [4][5] Group 4: Capped Call Transactions - The company plans to enter capped call transactions to reduce potential dilution of common stock upon conversion of the notes [6][7] - Initial hedging activities related to these transactions may influence the market price of the common stock and convertible notes [8] Group 5: Company Overview - TeraWulf develops and operates environmentally sustainable data center infrastructure in the U.S., focusing on high-performance computing and bitcoin mining [12]