WhiteFiber Announces Closing of Upsized $310.0 Million Convertible Senior Notes Offering
WhiteFiber, Inc. announced the closing of its upsized private placement of $310.0 million principal amount of 5.00% Convertible Senior Notes due 2032, including the full exercise of the initial purchasers' option for an additional $40.0 million. The notes were issued with an initial conversion price of approximately $33.84 per share, a premium of about 25% over the last reported sale price on August 18, 2026.
Why it matters — The closing of this upsized convertible notes offering provides WhiteFiber with $310.0 million in new capital, which is significant for a company in the capital-intensive AI infrastructure and high-performance computing sector.