← CoreWeave · FinancingEdit
At-the-market equity program (up to 35 million Class A shares)
Sep 17, 2026 · OtherTerms of issuance
Instrument
ATM program
Principal
Net proceeds
Issue date
Sep 17, 2026
Maturity
Seniority
Conversion ratio
n/a
Settlement
n/a
Economic analysis
Effective annual cost
n/acalculated: coupon + capped-call cost amortized over the note's life — needs coupon, maturity, and (if hedged) capped-call cost
Interest savings vs. plain debt
n/anot shown — would require an assumed comparable straight-debt rate, which we do not fabricate
Implied option value / volatility
n/anot shown — would require an assumed volatility input, which we do not fabricate
Breakeven
n/anot shown — would require assumed reinvestment/discount-rate assumptions, which we do not fabricate
Context
Shares outstanding (as of issue date)
551,536,602
Stock price / market cap (as of issue date)
$79.8 · $44.01 mkt cap
Use of proceeds
General corporate purposes, including repayment of indebtedness, operating expenses, capital expenditures, subsidiary investments and acquisitions
Other financing outstanding (excl. this instrument)
Delayed Draw Term Loan Facility ("DDTL 1.0") ($2.30B), Series C preferred equity (post-money valuation $19B), Delayed Draw Term Loan Facility ("DDTL 2.0") (CoreWeave Compute Acquisition Co. IV, LLC) ($7.50B), IPO — Class A common stock, Nasdaq: CRWV ($1.50B), Revolving credit facility (JPMorgan-led, Amendment No. 3) ($1.50B), 9.250% Senior Notes due 2030 ($2.00B), 9.000% Senior Notes due 2031 ($1.75B), Delayed Draw Term Loan Facility ("DDTL 3.0") (CoreWeave Compute Acquisition Co. VII, LLC) ($2.60B), Fifth Amendment DDTL — incremental $3.0B tranche to DDTL 2.0 ($3.00B), 1.75% Convertible Senior Notes due 2031 ($2.25B), Nvidia private placement of Class A shares ($2.00B), Delayed Draw Term Loan Facility ("DDTL 4.0") (CoreWeave Compute Acquisition Co. VIII, LLC) ($8.50B), 1.75% Convertible Senior Notes due 2032 ($4.00B), 9.750% Senior Notes due 2031 ($1.75B), Jane Street private placement of Class A common stock ($1.00B), 9.750% Senior Notes due 2031 (additional notes tap) ($1.00B), Delayed Draw Term Loan Facility ("DDTL 5.0") (CoreWeave Financing DDTL V, LLC) ($3.10B), 9.625% Senior Notes due 2032 (USD, $1,250 million) ($1.25B), 8.500% Senior Notes due 2032 (EUR, EUR 2,000 million), Delayed Draw Term Loan Facility ("DDTL 5.5") ($2.60B), Convertible senior notes due 2033 ($4.20B), Capped call transactions ($566.2M)
— of which existing debt
$53.80B
Existing cash
n/anot tracked in the system yet
Anti-dilution adjustment terms
n/a
Related acquisition
none
Related deal
none
Related site
none
Sources
OtherCoreWeave establishes at-the-market program for 35 million Class A shares
Sep 17, 2026