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WhiteFiber Announces Proposed Private Placement of $200.0 Million of Convertible Senior Notes
WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a provider of artificial intelligence ("AI") infrastructure and high-performance computing ("HPC") solutions, today announced that it intends to offer, subject to market conditions and other factors, $200.0 million principal amount of Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities A
About this update from Whitefiber, Inc.
[{"type":"text","content":"NEW YORK, Jan. 21, 2026 /PRNewswire/ -- WhiteFiber, Inc. (Nasdaq: WYFI) ("WhiteFiber" or the "Company"), a provider of artificial intelligence ("AI") infrastructure and high-performance computing ("HPC") solutions, today announced that it intends to offer, subject to market conditions and other factors, $200.0 million principal amount of Convertible Senior Notes due 2031 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company also intends to grant the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $30.0 million principal amount of the notes.","length":932,"tagName":"p"},{"type":"image","alt":"WhiteFiber (PRNewsfoto/WhiteFiber, Inc.)","displaySize":"","headline":null,"caption":"WhiteFiber (PRNewsfoto/WhiteFiber, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":52,"url":"https://media.zenfs.com/en/prnewswire.com/1e43bf5ca8a247018b2e0164cc959b36"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FVN_I5bbRKcOR14zJWHczg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTkyO2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/1e43bf5ca8a247018b2e0164cc959b36","width":400,"height":52}},"href":"https://mma.prnewswire.com/media/2745795/WhiteFiber_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The notes will be general, senior unsecured obligations of the Company and will accrue interest payable semiannually in arrears. Upon conversion, the Company will pay or deliver, as the case may be, cash, ordinary shares, par value $0.01 per share, of the Company (the "ordinary shares") or a combination of cash and ordinary shares, at its election. The interest rate, initial conversion rate, repurchase or redemption rights and certain other terms of the notes will be determined at the time of pricing of the offering.","length":532,"tagName":"p"},{"type":"text","content":"Use of Proceeds","length":15,"tagName":"p"},{"type":"text","content":"The Company intends to use a portion of the net proceeds from the...