secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001104659-24-126515
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riot Platforms announces $500M convertible note offering; holds 11,425 BTC ($1.102B)
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- Offering $500M aggregate principal of convertible senior notes due 2030; initial purchasers can buy additional $75M.
- Notes mature Jan 15, 2030; convertible into cash, stock, or combination at Riot's election; callable after Jan 20, 2028.
- Net proceeds to acquire additional bitcoin and for general corporate purposes.
- As of Nov 30, 2024, Riot held 11,425 Bitcoin (fair value ~$1.102B via Coinbase close), all from mining operations.
- Offering is private under Rule 144A; notes and conversion shares not registered under Securities Act.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000110465924126515/0001104659-24-126515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000110465924126515/tm2430044d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126515

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer