Bitdeer prices upsized $330 million convertible senior notes offering, stock drops

June 18, 2025 03:14 AM PDT | By EODHD

Google News:

Bitdeer prices upsized $330 million convertible senior notes offering, stock drops — Image source: Kalkine Media

Recent News

What’s Driving Activity Around Simon Property Group (NYSE:SPG) On The...

Is NYSE’s KORE Group (NYSE:KORE) Gaining Momentum On The Back Of Telec...

What’s Driving Attention To Nutrien (NYSE:NTR) On NYSE And S&P 500 Ind...

Is TELUS Digital (NYSE:TIXT) Signaling Sector Momentum Across The NYSE...

* Bitdeer Technologies (NASDAQ:BTDR [https://seekingalpha.com/symbol/BTDR]) on Wednesday announced [https://seekingalpha.com/pr/20140244-bitdeer-announces-pricing-of-upsized-us-330_0-million-convertible-senior-notes-offering] the pricing of $330 million principal amount of 4.875% Convertible Senior Notes due 2031 in a private placement. * The company has also granted the initial purchasers of the notes an option to purchase, for settlement within 13 days beginning on and including the date on which the notes are first issued, up to an additional $45.0 million principal amount of the notes. * The size of the offering was increased from the previously announced $300.0 million aggregate principal amount of notes. * The sale of the notes is expected to close on June 23. * Bitdeer Technologies (NASDAQ:BTDR [https://seekingalpha.com/symbol/BTDR]) stock down 3.3% premarket.

MORE ON BITDEER TECHNOLOGIES * Bitdeer Q1 Earnings Review: Ambition Meets Execution Risk [https://seekingalpha.com/article/4787623-bitdeer-q1-earnings-review-ambition-meets-execution-risk] * Bitdeer Technologies Group (BTDR) Q1 2025 Earnings Call Transcript [https://seekingalpha.com/article/4787151-bitdeer-technologies-group-btdr-q1-2025-earnings-call-transcript] * Bitdeer Technologies Group 2025 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4787052-bitdeer-technologies-group-2025-q1-results-earnings-call-presentation] * Biggest stock movers Wednesday: UBS, BTDR, and more [https://seekingalpha.com/news/4459245-biggest-stock-movers-wednesday-ubs-btdr-and-more] * Bitdeer to offer $300M convertible senior notes in private placement [https://seekingalpha.com/news/4459136-bitdeer-to-offer-300m-convertible-senior-notes-in-private-placement]

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video (Content) is a service of Kalkine Media LLC., having Delaware File No. 4697309 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures/music displayed/used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it, as necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.