---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-065506"
form_type: "8-K"
ticker: "KEEL"
cik: "0001812477"
company_name: "Keel Infrastructure Corp."
filed_at: "2026-06-05T12:43:07+00:00"
generated_at: "2026-06-05T12:45:16.248977+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Keel Infrastructure prices $400M 1.25% convertible notes due 2032; conversion price $7.41 (25% premium)

## Summary
- Aggregate principal amount increased to $400M from $350M; initial purchasers option for additional $58M.
- Notes bear interest at 1.250% per annum, payable semi-annually; mature January 15, 2032.
- Initial conversion rate 134.9073 shares per $1,000 principal, conversion price ~$7.41 per share.
- Company entered into capped call transactions to reduce dilution; cap price $11.86 per share.
- Net proceeds to fund capped call cost and general corporate purposes, including data center development projects.

## SEC filing metadata
- accession: 0001213900-26-065506
- form_type: 8-K
- ticker: KEEL
- cik: 0001812477
- company_name: Keel Infrastructure Corp.
- filed_at: 2026-06-05T12:43:07+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1812477/000121390026065506/0001213900-26-065506-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1812477/000121390026065506/ea0293748-8k_keelinfra.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-065506
- JSON: https://secwatch.observer/filing/0001213900-26-065506.json
- Plain text: https://secwatch.observer/filing/0001213900-26-065506.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.