secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2025-07-28T23:59:59+00:00
Accession:  0000950142-25-002027
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

MARA Holdings Completes $950 Million Convertible Notes Offering Due 2032
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- MARA sold $950 million aggregate principal of 0.00% convertible senior notes due 2032, with an option for up to $200 million more.
- Net proceeds were approximately $940.5 million; $18.3 million used to repurchase $19.4 million of existing 1.00% 2026 convertible notes.
- Approximately $36.9 million paid for capped call transactions with initial purchasers to reduce potential dilution.
- Remaining net proceeds expected to be used to acquire additional bitcoin and for general corporate purposes.
- Notes are convertible at initial rate of 49.3619 shares per $1,000 principal, equivalent to ~$20.26 per share, maturing August 1, 2032.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000095014225002027/0000950142-25-002027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000095014225002027/eh250659491_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-002027

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