At-the-money equity offering
Company: IREN
The claim, verbatim
IREN authorized an upsized $6 billion at-the-money (ATM) equity offering to finance GPU purchases and capacity expansion
Source (primary)
IREN Stock Heads For Ninth Straight Loss: $50M-A-Year NBA Spends, $788M Co-Founder Pay Packet Leave Retail Unimpressed - Stocktwits (-, news_article)
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Quote: “the company earlier in April authorized an upsized $6 billion at-the-money (ATM) equity offering to finance GPU purchases and capacity expansion”
How we checked this
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Additional evidence
confirms IREN Stock Heads For Ninth Straight Loss: $50M-A-Year NBA Spends, $788M Co-Founder Pay Packet Leave Retail Unimpressed - Stocktwits
Quote: “the company earlier in April authorized an upsized $6 billion at-the-money (ATM) equity offering to finance GPU purchases and capacity expansion”