Convertible notes refinancing proceeds
Company: WhiteFiber
The claim, verbatim
WhiteFiber obtained net proceeds of $298.5 million from $310 million 2032 convertible notes offering, after paying approximately $118.5 million cash to exchange approximately 86% of 2031 notes.
Source (primary)
whitefiber 8-K exhibit (ea030525701ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-15)Live source ↗
Quote: “$298.5M net proceeds from the $310M 2032 notes, less ~$118.5M cash paid to exchange ~86% of the 2031 notes”
How we checked this
Checked on September 23, 2026. The cited source supports part of this claim, but not all of it.
The document confirms $298.5M in net proceeds from the $310M 2032 notes and about $118.5M paid to exchange about 86% of the 2031 notes. However, it shows the $118.5M was deducted from the $298.5M, leaving about $180M, rather than $298.5M remaining after the payment.
Confirmed in the source:
- WhiteFiber received $298.5 million in net proceeds from its $310 million 2032 convertible notes
- WhiteFiber paid approximately $118.5 million in cash to exchange approximately 86% of its 2031 notes
We could not confirm this from the cited source:
- That $298.5 million was the net amount remaining after the approximately $118.5 million exchange payment (the document puts net proceeds after the exchange at approximately $180 million)
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/2042022/000121390026099424/ea030525701ex99-1.htm) in full (29,875 characters, retrieved September 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms whitefiber 8-K exhibit (ea030525701ex99-1.htm)
Quote: “$298.5M net proceeds from the $310M 2032 notes, less ~$118.5M cash paid to exchange ~86% of the 2031 notes”