Series C Put Shares repurchase obligation
Company: CoreWeave
The claim, verbatim
CoreWeave had a put right on legacy Series C convertible preferred stock requiring repurchase at $38.95 per share for an aggregate of $1.2 billion, with settlement on the first trading day after March 31, 2027. The put right automatically terminated on September 25, 2025 after the Class A stock achieved a 20-day volume-weighted average price of $68.16.
Source (primary)
CoreWeave 8-K filed 2025-10-06 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “holders of CoreWeave, Inc.'s (the "Company") legacy Series C convertible preferred stock (the "Put Shares") had a "put" right on the first trading day immediately after March 31, 2027 (the "Public Sale Date") that would require the Company to repurchase the Put Shares at a price per share of $38.95 payable in cash, representing an aggregate payment of $1.2 billion... The Termination Event occurred on September 25, 2025 and, as a result, the Put Right has automatically terminated.”
How we checked this
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Additional evidence
confirms CoreWeave 8-K filed 2025-10-06
Quote: “holders of CoreWeave, Inc.'s (the "Company") legacy Series C convertible preferred stock (the "Put Shares") had a "put" right on the first trading day immediately after March 31, 2027 (the "Public Sale Date") that would require the Company to repurchase the Put Shares at a price per share of $38.95 payable in cash, representing an aggregate payment of $1.2 billion... The Termination Event occurred on September 25, 2025 and, as a result, the Put Right has automatically terminated.”