NeoCapCompaniesValuationsScenariosMetrics
← Fermi
Tue, Jul 14, 2026

Fermi closes $431.25 million of 5.00% convertible senior notes due 2031

Key points

  • Upsized from $350M via full over-allotment exercise; conversion price ~$9.52/share
  • Net proceeds ~$416.8M; ~$34.5M for capped calls (effective cap ~$14.64/share)