Convertible notes exchange transaction
Company: WhiteFiber
What the later record shows
Delivered on time · happened August 21, 2026
The closing release states the exchange of $198.15M of 2031 notes for about $118.5M cash and about 6.3M shares was completed. About $118.5M of offering proceeds was used for the cash consideration.
“Pursuant to those transactions, the Company exchanged $198.15 million in aggregate principal amount of the existing notes for an aggregate cash amount of approximately $118.5 million (including accrued and unpaid interest) and approximately 6.3 million ordinary shares”
2026-08-20 · whitefiber 8-K exhibit (ea030292501ex99-3.htm) View cached copy (2026-08-30)Live source ↗
“The Company used approximately $118.5 million of the net proceeds from the offering to pay the cash consideration for the concurrent note exchange transactions”
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 entered into privately negotiated transactions to exchange $198.15 million principal amount of 4.500% Convertible Senior Notes due 2031 for approximately $118.5 million in cash (including accrued interest) and approximately 6.3 million ordinary shares
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 entered into privately negotiated transactions with certain holders of its 4.500% Convertible Senior Notes due 2031 (the 'existing notes') to exchange $198.15 million in aggregate principal amount of the existing notes on terms negotiated with each holder (each, a 'note exchange transaction'), for an aggregate cash amount of approximately $118.5 million (including accrued and unpaid interest) and approximately 6.3 million ordinary shares”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The concurrent note exchange section states each of these terms: $198.15 million of 4.500% 2031 notes exchanged for about $118.5 million cash (including accrued interest) and about 6.3 million shares.
Confirmed in the source:
- The company entered into privately negotiated transactions with certain holders of its 4.500% Convertible Senior Notes due 2031
- The exchange covers $198.15 million aggregate principal amount of those existing notes
- Consideration is an aggregate of approximately $118.5 million in cash, including accrued and unpaid interest
- Consideration also includes approximately 6.3 million ordinary shares
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 entered into privately negotiated transactions with certain holders of its 4.500% Convertible Senior Notes due 2031 (the 'existing notes') to exchange $198.15 million in aggregate principal amount of the existing notes on terms negotiated with each holder (each, a 'note exchange transaction'), for an aggregate cash amount of approximately $118.5 million (including accrued and unpaid interest) and approximately 6.3 million ordinary shares”
confirms whitefiber 8-K exhibit (ea030292501ex99-3.htm)
Quote: “Pursuant to those transactions, the Company exchanged $198.15 million in aggregate principal amount of the existing notes for an aggregate cash amount of approximately $118.5 million (including accrued and unpaid interest) and approximately 6.3 million ordinary shares”