Estimated net proceeds from convertible notes offering
Company: WhiteFiber
What the later record shows
Delivered on time · happened August 21, 2026
The option was exercised in full, and net proceeds were about $298.5M, matching the full-exercise estimate.
“The Company received net proceeds from the offering of the notes of approximately $298.5 million, after deducting the initial purchasers’ discounts and its estimated offering expenses.”
2026-08-20 · whitefiber 8-K exhibit (ea030292501ex99-3.htm) View cached copy (2026-08-30)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company estimates net proceeds from offering will be approximately $259.8 million (or $298.5 million if initial purchasers exercise greenshoe option in full), after deducting discounts and offering expenses
Source (primary)
whitefiber 8-K exhibit (ea030292501ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-08-30)Live source ↗
Quote: “The Company estimates that the net proceeds from the offering will be approximately $259.8 million (or approximately $298.5 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers' discounts and estimated offering expenses payable by the Company”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The use-of-proceeds section gives both figures and the deduction basis exactly as claimed; the option referred to is the initial purchasers' option to buy up to $40.0 million of additional notes.
Confirmed in the source:
- Estimated net proceeds of approximately $259.8 million
- Approximately $298.5 million if the initial purchasers exercise their option to purchase additional notes in full
- Net proceeds are after deducting the initial purchasers' discounts and estimated offering expenses
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/2042022/000121390026092599/ea030292501ex99-2.htm) in full (12,975 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms whitefiber 8-K exhibit (ea030292501ex99-2.htm)
Quote: “The Company estimates that the net proceeds from the offering will be approximately $259.8 million (or approximately $298.5 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers' discounts and estimated offering expenses payable by the Company”
confirms whitefiber 8-K exhibit (ea030292501ex99-3.htm)
Quote: “The Company received net proceeds from the offering of the notes of approximately $298.5 million, after deducting the initial purchasers’ discounts and its estimated offering expenses.”