secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001493152-24-031450
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marathon Digital prices $250M 2.125% convertible notes due 2031; greenshoe upsized to $50M
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- $250M aggregate principal of 2.125% convertible senior notes due 2031 priced.
- Initial conversion price ~$18.89/share (52.9451 shares per $1,000 principal).
- Net proceeds est. $243.8M ($292.5M if greenshoe fully exercised); close Aug 14.
- Proceeds to acquire bitcoin and for general corporate purposes.
- Option to purchase additional notes upsized to $50M from $37.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224031450/0001493152-24-031450-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224031450/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-031450

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