secwatch.observer — SEC 8-K summary
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Issuer:     Keel Infrastructure Corp. (KEEL)
CIK:        0001812477
Form:       8-K
Filed at:   2026-06-05T12:43:07+00:00
Accession:  0001213900-26-065506
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812477/000121390026065506/0001213900-26-065506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812477/000121390026065506/ea0293748-8k_keelinfra.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-065506

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