{"schema_version":"secwatch.filing_event.v1","accession":"0001818874-24-000086","form_type":"8-K","ticker":"SOFI","cik":"0001818874","company_name":"SoFi Technologies, Inc.","filed_at":"2024-03-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.672857+00:00","generated_at":"2026-06-04T07:59:16.339458+00:00","sec_items":["7.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SoFi exchanges $600M zero-coupon notes for equity; issues new 1.25% notes due 2029","bullets":["Exchanged $600M of 0% convertible notes due 2026 for 72.6M shares of common stock, settled March 25-26, 2024.","Pro forma total risk-based capital ratio increased from 15.3% to >17.3% (200+ bps) based on Q4 2023 data.","Exchange expected to be accretive to GAAP net income in Q1 2024 with negligible EPS impact; accretive to tangible book value per share by 8-10%.","Issued 1.25% convertible senior notes due 2029 and entered capped call transactions; proceeds to reduce higher-cost instruments.","Annual interest and dividend expense savings of $40M-$60M from paying down 12.5% Series 1 Redeemable Preferred Stock."],"urls":{"canonical":"https://secwatch.observer/filing/0001818874-24-000086","json":"https://secwatch.observer/filing/0001818874-24-000086.json","markdown":"https://secwatch.observer/filing/0001818874-24-000086.md","text":"https://secwatch.observer/filing/0001818874-24-000086.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818874/000181887424000086/0001818874-24-000086-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818874/000181887424000086/sofi-20240325.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T07:59:16.339458+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}