secwatch.observer — SEC 8-K summary
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Issuer:     MARA Holdings, Inc. (MARA)
CIK:        0001507605
Form:       8-K
Filed at:   2024-12-02T23:59:59+00:00
Accession:  0001493152-24-048222
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MARA acquires 6,484 BTC for $618M; proposes $700M zero-coupon convertible note offering
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- Acquired 6,484 bitcoin for $618.3M ($95,352 avg) during Oct 1–Nov 30, 2024.
- Proposes $700M 0.00% convertible senior notes due 2031; underwriters option for $105M more.
- Net proceeds: up to $50M to repurchase existing 2026 convertible notes; balance for bitcoin and corporate.
- Notes are unsecured, zero-coupon, convertible into cash/stock at MARA's election; redeemable after June 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224048222/0001493152-24-048222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1507605/000149315224048222/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-048222

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