Convertible notes offering
Company: Riot
The claim, verbatim
The company announced its intention to offer $500 million aggregate principal amount of convertible senior notes due 2030, subject to market conditions and other factors, with initial purchasers having an option to purchase up to an additional $75 million, in a private offering to qualified institutional buyers
Source (primary)
Riot 8-K filed 2024-12-09 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the Company issued a press release announcing its intention to offer (the "Convertible Notes Offering"), subject to market conditions and other factors, $500 million aggregate principal amount of its convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to grant to the initial purchasers of the notes an option to purchase, within a three-day period beginning on, and including, the date on which the notes are first issued, up to an additional $75 million aggregate principal amount of the notes”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
Item 8.01 of this 8-K states that on December 9, 2024 Riot announced its intention to offer $500 million of convertible senior notes due 2030, subject to market conditions, privately to qualified institutional buyers under Rule 144A. It also says the initial purchasers would get an option to buy up to an additional $75 million.
Confirmed in the source:
- The company announced its intention to offer convertible senior notes
- The offering is $500 million aggregate principal amount
- The notes are due 2030
- The offering is subject to market conditions and other factors
- Initial purchasers are to be granted an option to purchase up to an additional $75 million aggregate principal amount of the notes
- The offering is a private offering to persons reasonably believed to be qualified institutional buyers
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1167419/000110465924126515/tm2430044d2_8k.htm) in full (8,984 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Riot 8-K filed 2024-12-09
Quote: “the Company issued a press release announcing its intention to offer (the "Convertible Notes Offering"), subject to market conditions and other factors, $500 million aggregate principal amount of its convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to grant to the initial purchasers of the notes an option to purchase, within a three-day period beginning on, and including, the date on which the notes are first issued, up to an additional $75 million aggregate principal amount of the notes”