Keel Infrastructure
KEEL-🇺🇸 USA
- Price
- $1.80
- as of Nov 6, 2026
- Market cap
- $1.1B
- as of Nov 6, 2026
Estimated total debt principal$1.05B
Trailing 12-month dilution+3.3%Nov 13, 2025 → Nov 4, 2026
Cash & equivalents$112.0Mas of Nov 13, 2025
Estimated cost of debt1.32%
Basic shares outstanding - Evolution
Debt stack
Convertible notes
Total: $1.05B · net: $1.01B| Instrument | Principal | Rate | Reference price | Conversion price | Capped call | Prepaid forward repurchase | Maturity | Stage | Source |
|---|---|---|---|---|---|---|---|---|---|
$458.0Mnet $445.4M | 1.25% | $7.41 | 2032 | Closed | Jun 9, 2026 | ||||
$588.0Mnet $568.0M | 1.375% | $6.86 | 2031 | Closed | Oct 21, 2025 |
Equity & warrants
| Instrument | Description | Status | Source |
|---|---|---|---|
| Keel Infrastructure authorized the sale of up to $375.0M of ordinary shares over time through an at-the-market program, at prevailing market prices. | Mar 8, 2024 |