Core Viewpoint - TeraWulf Inc. has successfully completed the offering of 1.00% Convertible Senior Notes due 2031, raising a total of $1.0 billion, including an additional $150 million from the exercise of the greenshoe option [1][2][3] Group 1: Offering Details - The Convertible Notes were offered in a private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933 [2] - The total principal amount of Convertible Notes sold in the offering reached $1.0 billion, including the additional notes purchased [1][3] Group 2: Financial Proceeds - Net proceeds from the offering, after deducting discounts, commissions, and estimated expenses, amounted to approximately $975.2 million [3] - The company allocated $100.6 million of the net proceeds to fund capped call transactions, with the remaining proceeds directed towards data center expansion and general corporate purposes [3] Group 3: Capped Call Transactions - In connection with the additional notes, TeraWulf entered into capped call transactions with a cap price of $18.76, which is a 100% premium over the last reported sale price of its common stock [2]

Core Viewpoint - Euronet Worldwide, Inc. plans to offer $850 million in Convertible Senior Notes due 2030, with an option for an additional $150 million, to qualified institutional buyers, aiming to use the proceeds primarily for debt repayment and share repurchases [1][3]. Group 1: Offering Details - The offering consists of $850 million in aggregate principal amount of Convertible Senior Notes, with an option for initial purchasers to buy an additional $150 million [1][3]. - The notes will be unsecured obligations of Euronet, accruing interest payable semiannually, with conversion options including cash, common stock, or a combination [2][3]. - The interest rate and initial conversion rate will be determined at the time of pricing [2]. Group 2: Use of Proceeds - Euronet intends to use the net proceeds from the offering to repay existing borrowings under its unsecured revolving credit facility [3]. - If the additional notes are purchased, proceeds will also be used for further debt repayment or general corporate purposes [3]. - Up to $175 million of cash on hand will be used for share repurchases concurrently with the pricing of the offering [3][7]. Group 3: Capped Call Transactions - Euronet plans to enter into capped call transactions to reduce potential dilution of its common stock upon conversion of the notes [4]. - These transactions will cover the number of shares initially underlying the notes and are expected to offset cash payments exceeding the principal amount of converted notes [4][5]. - The option counterparties may engage in stock purchases or derivative transactions that could influence the market price of Euronet's common stock [5][6]. Group 4: Market Impact - The share repurchases and capped call transactions could affect the market price of Euronet's common stock, potentially leading to a higher initial conversion price for the notes [7]. - The activities related to hedging and share repurchases may increase or decrease the market price of the common stock and notes, impacting conversion terms for noteholders [5][6].

Core Viewpoint - Celcuity Inc. has announced the pricing of its public offerings, including $175 million in convertible senior notes and approximately 1.84 million shares of common stock at $38.00 per share, aiming to raise a total of approximately $248.7 million for various corporate purposes [1][6]. Offering Details - The company is offering $175 million in 2.750% convertible senior notes due 2031, with an option for underwriters to purchase an additional $26.25 million to cover over-allotments [1][2]. - The common stock offering includes 1,836,842 shares priced at $38.00 each, with pre-funded warrants available at $37.999 per warrant [1][2]. Financial Terms - The convertible notes will accrue interest at 2.750% per year, payable semiannually, and will mature on August 1, 2031 [3]. - The initial conversion rate for the convertible notes is set at 19.4932 shares of common stock per $1,000 principal amount, equating to a conversion price of approximately $51.30 per share, representing a 35% premium over the common stock offering price [4]. Closing Timeline - The expected closing date for the convertible notes offering is August 1, 2025, while the common stock offering is anticipated to close on July 31, 2025, subject to customary closing conditions [5]. Use of Proceeds - The net proceeds from both offerings are estimated to be approximately $248.7 million, which will be used for working capital, clinical trial expenditures, and other general corporate purposes [6]. Company Overview - Celcuity is a clinical-stage biotechnology company focused on developing targeted therapies for oncology, with its lead candidate, gedatolisib, currently undergoing multiple clinical trials for various cancer indications [11].

Core Viewpoint - Zscaler, Inc. plans to offer $1.5 billion in convertible senior notes due 2028, with an option for initial purchasers to buy an additional $225 million, subject to market conditions [1][2]. Group 1: Offering Details - The notes will be senior unsecured obligations, maturing on July 15, 2028, and will accrue interest payable semiannually [2]. - The notes can be converted into cash, shares of Zscaler's common stock, or a combination of both at the company's discretion [2]. - The specific terms, including interest rate and conversion rate, will be determined at the time of pricing [2]. Group 2: Use of Proceeds - A portion of the net proceeds will be used to cover costs associated with capped call transactions, while the remainder will be allocated for general corporate purposes, including working capital and potential acquisitions [3]. Group 3: Capped Call Transactions - Zscaler expects to enter into capped call transactions to mitigate potential dilution of its common stock upon conversion of the notes [4]. - These transactions will cover the number of shares underlying the notes and are subject to anti-dilution adjustments [4]. - If the initial purchasers exercise their option for additional notes, Zscaler will enter into further capped call transactions [4]. Group 4: Market Impact - The option counterparties may engage in purchasing Zscaler's common stock or derivatives, which could influence the market price of the stock and the notes [5][6]. - This activity may affect the conversion ability of noteholders and the value of shares received upon conversion [6]. Group 5: Regulatory Compliance - The notes will be offered to qualified institutional buyers under Rule 144A of the Securities Act, and neither the notes nor the shares have been registered under the Securities Act [7].

Core Viewpoint - FinVolution Group has successfully completed a convertible senior notes offering totaling US$150 million, which will be utilized for international expansion, working capital replenishment, and share repurchase activities [1][2]. Group 1: Notes Offering Details - The offering consists of convertible senior notes with an aggregate principal amount of US$150 million, including an additional US$20 million from the initial purchasers [1]. - The notes will bear an interest rate of 2.50% per year, payable semi-annually starting January 1, 2026, and will mature on July 1, 2030 [3]. - The initial conversion rate is set at 80.8865 American Depositary Shares (ADSs) per US$1,000 principal amount, translating to an initial conversion price of approximately US$12.36 per ADS [4]. Group 2: Use of Proceeds - The net proceeds from the notes offering will be allocated for international business expansions, replenishing working capital, and funding the repurchase of American Depositary Shares (ADSs) [2]. Group 3: Company Overview - FinVolution Group is a leading fintech platform in China, Indonesia, and the Philippines, established in 2007, specializing in online consumer finance [7]. - The company has developed advanced technologies in credit risk assessment, fraud detection, big data, and artificial intelligence, enhancing the user experience through a highly automated loan transaction process [7]. - As of March 31, 2025, FinVolution had 216.2 million cumulative registered users across its platforms [7].

Core Viewpoint - FinVolution Group has announced a convertible senior notes offering totaling US$130 million, aimed at funding international expansion, replenishing working capital, and facilitating a concurrent share repurchase [1][2]. Notes Offering Details - The offering consists of convertible senior notes with a principal amount of US$130 million, maturing in 2030, and an option for initial purchasers to buy an additional US$20 million [1]. - The notes will bear an interest rate of 2.50% per year, payable semi-annually starting January 1, 2026 [3]. - The initial conversion rate is set at 80.8865 ADSs per US$1,000 principal amount, equating to an approximate conversion price of US$12.36 per ADS, representing a 30% premium over the closing price of US$9.51 on June 18, 2025 [4]. Repurchase Plan - Concurrently, the company plans to repurchase 6,377,740 ADSs at US$9.51 each, which is the last reported sale price on June 18, 2025 [6]. - This repurchase is intended to assist initial hedging by purchasers of the notes and is part of existing share repurchase programs announced in 2023 and 2025 [6]. Company Overview - FinVolution Group is a leading fintech platform in China, Indonesia, and the Philippines, established in 2007, focusing on connecting young borrowers with financial institutions [13]. - As of March 31, 2025, the company had 216.2 million cumulative registered users across its platforms [13].

Core Viewpoint - FinVolution Group announced a proposed offering of convertible senior notes totaling US$130 million, with an option for an additional US$20 million, aimed at institutional buyers under Rule 144A of the Securities Act [1][9] Group 1: Notes Offering Details - The convertible senior notes will mature on July 1, 2030, unless repurchased, redeemed, or converted prior to that date [3] - Holders can convert their notes into cash, American Depositary Shares (ADSs), or a combination of both at the company's discretion [4] - The company plans to use the net proceeds from the offering for international business expansions, replenishing working capital, and funding a concurrent repurchase of ADSs [2] Group 2: Repurchase and Market Impact - The concurrent repurchase will involve buying back ADSs from certain purchasers of the notes, facilitating initial hedging for those investors [6] - The repurchase activities may influence the market price of the ADSs and the trading price of the notes [7][8] - The repurchase price for the notes will be equal to 100% of the principal amount plus any accrued interest [5] Group 3: Company Overview - FinVolution Group is a leading fintech platform in China, Indonesia, and the Philippines, established in 2007, focusing on connecting young borrowers with financial institutions [11] - As of March 31, 2025, the company had 216.2 million cumulative registered users across its platforms [11]

Core Viewpoint - Bitdeer Technologies Group plans to offer $300 million in Convertible Senior Notes due 2031, with an option for an additional $45 million, to qualified institutional buyers, subject to market conditions [1][2] Group 1: Offering Details - The notes will be general senior unsecured obligations of the Company, accruing interest payable semiannually [2] - Upon conversion, the Company will have the option to pay in cash, Class A ordinary shares, or a combination of both [2] - The interest rate and other terms will be determined at the time of pricing [2] Group 2: Use of Proceeds - Proceeds will be used for zero-strike call option transaction costs, cash consideration for concurrent note exchange transactions, datacenter expansion, ASIC mining rig development, and general corporate purposes [3] - If the additional notes are purchased, proceeds will similarly be allocated for datacenter expansion and other corporate purposes [3] Group 3: Zero-Strike Call Option Transaction - The Company plans to enter a zero-strike call option transaction with an initial purchaser, allowing it to receive a specified number of Class A ordinary shares at expiration [4] - This transaction aims to facilitate derivative transactions for investors, potentially impacting the market price of Class A ordinary shares and the notes [4][5] Group 4: Concurrent Note Exchange Transaction - The Company expects to negotiate privately to exchange certain August 2029 notes for cash and Class A ordinary shares [7] - The terms of these exchanges will vary and are not guaranteed [7] - Hedged holders of the August 2029 notes may unwind hedge positions, which could significantly affect the market price of Class A ordinary shares [8] Group 5: Company Overview - Bitdeer is a leading technology company in Bitcoin mining, providing comprehensive solutions including equipment procurement, datacenter design, and operations [11] - The Company is headquartered in Singapore and has datacenters in the United States, Norway, and Bhutan [11]

Core Viewpoint - IREN Limited successfully closed a private offering of $550 million in convertible senior notes, reflecting strong investor demand and strategic financial maneuvers to support its growth initiatives in the data center sector [1][3]. Group 1: Transaction Details - The initial offering was upsized from $450 million to $500 million due to high demand, with an additional $50 million purchased through the initial purchasers' option [3][6]. - The notes carry a 3.50% coupon rate and have a conversion premium of 30% [6]. - The net proceeds from the offering are approximately $534.9 million after deducting discounts, commissions, and estimated offering expenses [4][6]. Group 2: Use of Proceeds - Approximately $53.8 million will fund the cost of capped call transactions, while about $92.5 million is allocated for a prepaid forward transaction [7]. - The remaining proceeds will be used for general corporate purposes and working capital [7]. Group 3: Capped Call and Prepaid Forward Transactions - Capped call transactions were entered into to reduce potential dilution of IREN's ordinary shares upon conversion of the notes, with an initial cap price of $20.98 per share, representing a 100% premium over the last reported sale price [4][5]. - The prepaid forward transaction involves purchasing approximately $92.5 million of IREN's ordinary shares, facilitating derivative transactions for investors [8][9]. Group 4: Company Overview - IREN is a vertically integrated data center business focused on renewable energy, with a power portfolio of 2,910 MW secured across over 2,000 acres in the U.S. and Canada [12]. - The company operates 660 MW of data centers, expanding to 885 MW in 2025, and is a significant player in Bitcoin mining and AI cloud services [13].

Core Viewpoint - Etsy, Inc. has announced the pricing of $650 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $50 million, aimed at raising capital for share repurchases and general corporate purposes [1][5]. Group 1: Notes Details - The notes will have a 1.00% annual interest rate, maturing on June 15, 2030, and will be convertible into cash, shares, or a combination at Etsy's discretion [2]. - The initial conversion rate is set at 11.6570 shares per $1,000 principal amount, translating to an initial conversion price of approximately $85.79 per share, which is a 42.5% premium over the last reported sale price on June 11, 2025 [2]. - Etsy can redeem the notes for cash starting June 20, 2028, if the stock price meets certain conditions [3]. Group 2: Use of Proceeds - Etsy estimates net proceeds from the offering to be approximately $639.3 million, or $688.5 million if the additional notes option is fully exercised, with $150 million allocated for share repurchases and the remainder for general corporate purposes [5][7]. - Concurrently, Etsy plans to repurchase shares at a price of $60.20, which was the last reported sale price on June 11, 2025 [7]. Group 3: Company Overview - Etsy operates two-sided online marketplaces connecting buyers and sellers globally, with a mission to "Keep Commerce Human" [9]. - The company also owns the fashion resale marketplace Depop, benefiting from shared expertise across its platforms [10].