Riot Platforms, Inc. (NASDAQ:RIOT) stock is trading lower on Monday after the company announced a $500 million convertible senior notes offering. Here’s what you need to know.
What To Know: The company plans to utilize the net proceeds from this offering in order to acquire additional Bitcoin (CRYPTO: BTC) and for general corporate purposes.
The convertible senior notes have a maturity date of Jan. 15, 2030. Also, the company will grant initial purchasers a three-day option to buy ...