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← IREN
Tue, May 12, 2026

IREN prices upsized $2.6 billion convertible notes offering

Source file ↗

Key points

  • Offering size increased from $2 billion to $2.6 billion aggregate principal amount
  • 1.00% coupon, 32.5% conversion premium
  • Capped call transactions expected to hedge conversions up to an initial cap price of $110.30/share (100% premium to the reference price)