secwatch.observer — SEC 8-K summary
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Issuer:     Riot Platforms, Inc. (RIOT)
CIK:        0001167419
Form:       8-K
Filed at:   2024-12-11T23:59:59+00:00
Accession:  0001104659-24-127656
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Riot Platforms closes $525M 0.75% convertible note offering due 2030, net proceeds ~$511.5M
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- $525M aggregate principal of 0.75% convertible senior notes due 2030, net proceeds ~$511.5M after discounts and expenses.
- Conversion rate 67.2767 shares per $1,000, initial conversion price ~$14.86 per share (32.5% premium over VWAP of $11.2181).
- Proceeds to be used to acquire additional Bitcoin and for general corporate purposes.
- Notes are senior unsecured, mature Jan 15, 2030, interest payable semiannually; redeemable after Jan 20, 2028 under certain conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1167419/000110465924127656/0001104659-24-127656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1167419/000110465924127656/tm2430044d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-127656

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