Riot Platforms prices $525M 0.75% convertible notes due 2030, upsized from $500M

Riot Platforms, Inc.

Net proceeds estimated at ~$511.5M ($584.6M if full $75M option exercised).
Initial conversion price ~$14.86/share, a 32.5% premium over $11.2181 VWAP.
Proceeds to acquire additional bitcoin and for general corporate purposes.
0.75% interest payable semiannually; notes mature Jan 15, 2030; redeemable from Jan 20, 2028 if stock ≥130% of conversion price.
Offering expected to close Dec 11, 2024; initial purchasers' option for additional $75M notes.

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