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WhiteFiber Closes $230 Million Convertible Notes Offering

BY MT Newswires | CORPORATE | 01/26/26 05:29 PM EST

05:29 PM EST, 01/26/2026 (MT Newswires) -- WhiteFiber (WYFI) said late Monday it closed an offering of $230 million of 4.5% convertible senior notes due 2031.

The private offering comprised $20 million of notes issued upon the full exercise of an overallotment option by the initial purchasers.

Net proceeds totaled about $221.5 million. The company used roughly $120 million to fund a zero-strike call option transaction that offsets shares underlying the notes. The remaining proceeds will support data center expansion, potential acquisitions and working capital, according to a statement.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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