Business intelligence firm and long-time Bitcoin holder MicroStrategy announced plans to offer $500 million aggregate principal amount of convertible senior notes due 2032., the NASDAQ-listed company also intends to grant initial buyers of the notes an option to purchase up to an additional $75 million in principal amount of the notes within 13 days starting from the issuance date.
The notes will mature on June 15th, 2032, unless they are repurchased, redeemed, or converted earlier. From June 20, 2029, MicroStrategy will be able to redeem all or part of the notes for cash, provided that at least $75 million in principal amount of notes remains outstanding and not subject to redemption at the notice date.
MicroStrategy also said that until December 15, 2031, the notes will be convertible only upon the occurrence of certain events and during certain periods. Following this date, they will be convertible at any time until the second scheduled trading day immediately before the maturity date.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »