{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-067042","form_type":"8-K","ticker":"KEEL","cik":"0001812477","company_name":"Keel Infrastructure Corp.","filed_at":"2026-06-10T01:14:25+00:00","discovered_at":"2026-06-10T10:05:00.211265+00:00","generated_at":"2026-06-10T10:07:19.628997+00:00","sec_items":["1.01","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Keel Infrastructure closes $458M convertible notes offering with 1.25% coupon, conversion at $7.41","bullets":["$458M aggregate principal, net proceeds ~$445.4M after discounts and commissions.","Interest 1.25% p.a., payable semi-annually; matures Jan 15, 2032 unless earlier converted.","Initial conversion price ~$7.41/share (25% premium to $5.93); capped call cap $11.86/share.","Capped call transactions cost ~$41.7M, expected to reduce dilution upon conversion.","Proceeds for general corporate purposes, including data center development deposits and letters of credit."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-067042","json":"https://secwatch.observer/filing/0001213900-26-067042.json","markdown":"https://secwatch.observer/filing/0001213900-26-067042.md","text":"https://secwatch.observer/filing/0001213900-26-067042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1812477/000121390026067042/0001213900-26-067042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1812477/000121390026067042/ea0294115-8k_keelinfra.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T10:07:19.628997+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"930b84ce55a43cdca9a4acaa4cbf0c40393bb7d9","claim":"Keel Infrastructure Corp. incurred convertible notes of $458,000,000 aggregate principal amount with Computershare Trust Company, N.A. at 1.250% per annum maturing January 15, 2032.","evidence_excerpt":"On June 9, 2026, Keel Infrastructure Corp. (the \"Company\") issued $458,000,000 aggregate principal amount of its 1.250% Convertible Senior Notes due 2032 (the \"Notes\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1812477/000121390026067042/0001213900-26-067042-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$458,000,000 aggregate principal amount"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"1.250% per annum"},{"label":"Maturity","value":"January 15, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a2f7e7a0fdcd902417621e4ab066b8f6c159e7b3","claim":"Keel Infrastructure Corp. issued a maximum of 77,234,372 shares of Common Stock of convertible note to initial purchasers for $458,000,000 aggregate principal amount.","evidence_excerpt":"On June 9, 2026, Keel Infrastructure Corp. (the “Company”) issued $458,000,000 aggregate principal amount of its 1.250% Convertible Senior Notes due 2032 (the “Notes”).","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1812477/000121390026067042/0001213900-26-067042-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"convertible note"},{"label":"Shares","value":"a maximum of 77,234,372 shares of Common Stock"},{"label":"Purchaser","value":"initial purchasers"},{"label":"Consideration","value":"$458,000,000 aggregate principal amount"}],"fact_type":"equity_issuance"},{"claim_id":"159db5bcb91ea61bb5d9253140a1cf0601dae4ad","claim":"Keel Infrastructure Corp. entered into Indenture with Computershare Trust Company, N.A. valued at $458,000,000 aggregate principal amount (effective 2026-06-09).","evidence_excerpt":"On June 9, 2026, Keel Infrastructure Corp. (the “Company”) issued $458,000,000 aggregate principal amount of its 1.250% Convertible Senior Notes due 2032 (the “Notes”). The Notes were issued pursuant to, and are governed by, an indenture (the “Indenture”), dated as of June 9, 2026, among the Company, Bitfarms Ltd., as guarantor (the “Guarantor”), and Computershare Trust Company, N.A., as trustee (the “Trustee”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1812477/000121390026067042/0001213900-26-067042-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Value","value":"$458,000,000 aggregate principal amount"},{"label":"Effective","value":"2026-06-09"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}