Zero-strike call option transaction
Company: WhiteFiber
The claim, verbatim
Entered into zero-strike call option paying $120.0 million premium from net proceeds for right to receive approximately 5.9 million shares, synthetically increasing effective conversion price to approximately $37.01 per share
Source (primary)
whitefiber 8-K exhibit (ea027402401ex99-3_white.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-21)Live source ↗
Quote: “Under the zero-strike call the Company paid a premium of approximately $120.0 million from the net proceeds from the offering for the right to receive approximately 5.9 million of its ordinary shares. This structure is intended to synthetically increase the effective conversion price of the notes to approximately $37.01 per share”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The release describes the zero-strike call, the premium of about $120.0 million paid from net proceeds for about 5.9 million shares, and the effective conversion price of about $37.01 per share. The release gives the premium as approximate and says the structure is 'intended to' raise the effective conversion price.
Confirmed in the source:
- WhiteFiber entered into a zero-strike call option transaction in connection with the notes
- The company paid a premium of approximately $120.0 million from the offering's net proceeds
- The premium bought the right to receive approximately 5.9 million ordinary shares
- The structure raises the effective conversion price of the notes to approximately $37.01 per share
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/2042022/000121390026007740/ea027402401ex99-3_white.htm) in full (7,637 characters, retrieved September 21, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms whitefiber 8-K exhibit (ea027402401ex99-3_white.htm)
Quote: “Under the zero-strike call the Company paid a premium of approximately $120.0 million from the net proceeds from the offering for the right to receive approximately 5.9 million of its ordinary shares. This structure is intended to synthetically increase the effective conversion price of the notes to approximately $37.01 per share”