IREN closes $440 million convertible notes offering
Iris Energy Limited (IREN)
Company Research
Source: GlobeNewswire
SYDNEY, Dec. 06, 2024 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (ACN 629 842 799) (“IREN”) today announced the closing of its offering of $440 million aggregate principal amount of 3.25% convertible senior notes due 2030 (the “notes”) in a private 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”). Key details of the transaction Oversubscribed and upsized from $300 million to $400 million, plus $40 million greenshoeNet proceeds of approximately $425.4 million3.25% coupon, 30% conversion premiumCapped call transactions entered into in connection with the notes are generally expected to provide a hedge upon conversions up to an initial cap price of $25.86 per share, which represents a 100% premium (as compared to the 30% conversion premium under the notes)Citigroup Global Markets Inc and J.P. Morgan Securities LLC acted as joint bookrunners Oversubscribed and u
Show less
Read more
Impact Snapshot
Event Time:
IREN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IREN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IREN alerts
High impacting Iris Energy Limited news events
Weekly update
A roundup of the hottest topics
IREN
News
- Is IREN Ltd. (IREN) the Biggest Loser of This Week? [Yahoo! Finance]Yahoo! Finance
- IREN Achieves 31 EH/s Year-End TargetGlobeNewswire
- Iris Energy Limited (NASDAQ: IREN) is now covered by analysts at BTIG Research. They set a "buy" rating and a $33.00 price target on the stock.MarketBeat
- Is IREN Limited (IREN) the Crypto Stock with the Biggest Upside Potential? [Yahoo! Finance]Yahoo! Finance
- Iris Energy Limited (NASDAQ: IREN) had its price target raised by analysts at B. Riley from $15.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
IREN
Sec Filings
- 12/23/24 - Form 6-K
- 12/6/24 - Form 6-K
- 12/6/24 - Form 6-K
- IREN's page on the SEC website