secwatch.observer — SEC 8-K summary
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Issuer:     HIVE Digital Technologies Ltd. (HIVE)
CIK:        0001720424
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001062993-26-002077
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HIVE closes $115M 0% exchangeable notes due 2031; upsized from $75M
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- Issued $115M principal 0% exchangeable senior notes due 2031; full $15M greenshoe exercised.
- Initial exchange price $2.57/share (17.5% premium to $2.185 closing on April 16).
- Capped call transactions cost ~$19.8M; cap price $4.92/share (125% premium) to reduce dilution.
- Net proceeds ~$109.5M for GPU purchases, data center development, and general corporate purposes.
- Conditional TSX listing approved; shares expected to start trading on TSX around April 30, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1720424/000106299326002077/0001062993-26-002077-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1720424/000106299326002077/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-26-002077

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