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IREN holders get ready to be diluted!
215 sats \ 2 comments \ @BlokchainB 2 Dec Stacker_Stocks
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85 sats \ 0 replies \ @gmd 21h
shit I should have sold at $70 lol
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0 sats \ 0 replies \ @Wumbo 2 Dec
https://seekingalpha.com/news/4527335-iren-announces-2b-convertible-notes-offering-concurrent-equity-raise
IREN also intends a registered direct equity offering to fund repurchases of its 2029 and 2030 convertible notes, reducing outstanding debt if completed.
The company expects to repurchase portions of the existing convertible notes through privately negotiated transactions.
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