secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001493152-24-046663
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MARA upsizes convertible notes offering to $850M zero-coupon due 2030; proceeds for bitcoin and debt repurchase
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- Offers $850M zero-coupon convertible notes due 2030, upsized from $700M; initial conversion price ~$25.91 per share.
- Net proceeds estimated at ~$833M ($980M if greenshoe fully exercised); closing expected Nov 20, 2024.
- Approximately $199M of net proceeds used to repurchase $212M of existing 2026 convertible notes.
- Remainder used to acquire additional bitcoin and for general corporate purposes.
- Initial purchasers granted 13-day option to buy up to additional $150M in notes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224046663/0001493152-24-046663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224046663/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-046663

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