secwatch.observer — SEC 8-K summary
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Issuer:     DigitalOcean Holdings, Inc. (DOCN)
CIK:        0001582961
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001193125-25-180799
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DigitalOcean closes $625M 0% convertible notes due 2030; repurchases $1.19B of 2026 notes
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- Upsized $625M offering (incl. $75M greenshoe) of 0.00% convertible senior notes due 2030; initial conversion price ~$39.17/share.
- Net proceeds ~$605.6M; $83.9M used for capped call; plus $380M term loans and cash to repurchase $1,187.7M of 2026 notes.
- Capped call transactions set cap price at $66.51/share (125% premium over $29.56 close) to reduce potential dilution.
- New $100M stock repurchase program authorized; may buy shares via open market or 10b5-1 plan through July 31, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1582961/000119312525180799/0001193125-25-180799-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1582961/000119312525180799/d45966d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-180799

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