---
schema_version: "secwatch.filing_event.v1"
accession: "0001818874-24-000039"
form_type: "8-K"
ticker: "SOFI"
cik: "0001818874"
company_name: "SoFi Technologies, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:51:37.252432+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SoFi prices $750M convertible notes due 2029 at 1.25%; exchange of $600M 2026 notes for stock

## Summary
- SoFi priced $750M of 1.25% convertible senior notes due 2029; initial purchasers can buy up to an additional $112.5M.
- Initial conversion price ~$9.45/share (30% premium over $7.27 closing price on March 5, 2024).
- Net proceeds ~$735M ($845.3M if greenshoe fully exercised); ~$78.8M to fund capped call transactions.
- Remaining proceeds to redeem 12.5% Series 1 Preferred Stock and for general corporate purposes, including repaying higher-cost debt.
- SoFi exchanged $600M of 0% 2026 notes for ~61.7M shares; terminated a portion of existing capped calls.

## SEC filing metadata
- accession: 0001818874-24-000039
- form_type: 8-K
- ticker: SOFI
- cik: 0001818874
- company_name: SoFi Technologies, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000039/0001818874-24-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818874/000181887424000039/sofi-20240305.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818874-24-000039
- JSON: https://secwatch.observer/filing/0001818874-24-000039.json
- Plain text: https://secwatch.observer/filing/0001818874-24-000039.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.