WhiteFiber closes $310M 5.00% convertible notes; exchanges $198M existing notes

WhiteFiber, Inc.

Priced $310M aggregate of 5.00% Convertible Senior Notes due 2032; net proceeds ~$298.5M after discounts/expenses.
Concurrently exchanged $198.15M of 4.50% Notes due 2031 for ~$118.5M cash and ~6.3M ordinary shares.
Initial conversion rate 29.5530 shares per $1,000 (price ~$33.84), a ~25% premium over Aug 18 closing price.
Proceeds primarily fund data center expansion, GPU servers, energy agreements, and working capital.
After settlement, outstanding Existing Notes expected to fall to ~$31.85M aggregate principal.

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