Tue, Dec 17, 2024
CleanSpark closes $650 million of 0.00% convertible senior notes due 2030
Key points
- Over-allotment exercised in full; 20% conversion premium, conversion price ~$14.80/share; capped calls at $24.66 cap price
- Proceeds: ~$90.35M capped calls, ~$145.0M share repurchase, repay $50M Coinbase line, remainder for capex/general corporate purposes