Initial conversion price ~$34.58/share (40% premium)
Company: Marathon Digital
The claim, verbatim
The notes have an initial conversion rate of 28.9159 shares per $1,000 principal, equivalent to about $34.5830 per share, roughly a 40% premium to the reference VWAP of $24.7022.
Source (primary)
marathon-digital 8-K exhibit (ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-24)Live source ↗
Quote: “which is equivalent to an initial conversion price of approximately $34.5830 per share”
How we checked this
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Additional evidence
confirms marathon-digital 8-K exhibit (ex99-1.htm)
Quote: “which is equivalent to an initial conversion price of approximately $34.5830 per share”