secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001104659-24-126934
Event type: debt
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000110465924126934/0001104659-24-126934-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000110465924126934/tm2430044d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126934

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