secwatch.observer — SEC 8-K summary
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Issuer:     WhiteFiber, Inc. (WYFI)
CIK:        0002042022
Form:       8-K
Filed at:   2026-01-26T23:59:59+00:00
Accession:  0001213900-26-007740
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

WhiteFiber closes $230M 4.5% convertible notes due 2031; net proceeds ~$221.5M
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- Completed $230M aggregate principal of 4.500% Convertible Senior Notes due Feb 2031; initial conversion price ~$25.91 per share (27.5% premium).
- Net proceeds of ~$221.5M; used $120M for zero-strike call option, remainder for data center expansion and general corporate purposes.
- Notes are senior unsecured, redeemable at company option from Feb 2029 under certain conditions, subject to $75M minimum outstanding.
- Holders may require repurchase at 100% upon fundamental change; conversion settlement in cash, shares, or combination at company's election.
- Offering upsized from initial $200M to $230M including full exercise of greenshoe option.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2042022/000121390026007740/0001213900-26-007740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2042022/000121390026007740/ea0274024-8k_white.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-007740

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