August 21 convertible note refinancing
Company: WhiteFiber
The claim, verbatim
WhiteFiber used $118.5 million of the proceeds plus 6.3 million shares to exchange $198.15 million principal of older convertible notes
Source (primary)
WhiteFiber’s Cloud and Colocation Revenue Grew With 6 Million Shares Sold Short. Is This AI Data-Center Bet a Squeeze or a Trap? - Yahoo Finance (-, news_article)
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Quote: “It used $118.5 million of the proceeds plus 6.3 million shares to exchange $198.15 million principal of its older notes”
How we checked this
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Additional evidence
confirms WhiteFiber’s Cloud and Colocation Revenue Grew With 6 Million Shares Sold Short. Is This AI Data-Center Bet a Squeeze or a Trap? - Yahoo Finance
Quote: “It used $118.5 million of the proceeds plus 6.3 million shares to exchange $198.15 million principal of its older notes”