secwatch.observer — SEC 8-K summary
======================================

Issuer:     WhiteFiber, Inc. (WYFI)
CIK:        0002042022
Form:       8-K
Filed at:   2026-08-21T20:08:31+00:00
Accession:  0001213900-26-092599
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 8.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2042022/000121390026092599/0001213900-26-092599-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2042022/000121390026092599/ea0302925-8k_white.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-092599

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer