Note Exchange Transaction - $198.15M for $118.5M + 6.3M shares
Company: WhiteFiber
The claim, verbatim
WhiteFiber exchanged $198.15 million principal amount of 4.500% Convertible Senior Notes due 2031 for approximately $118.5 million cash and 6.3 million ordinary shares.
Source (primary)
WhiteFiber 8-K filed 2026-08-21 (SEC EDGAR, sec_filing)
View cached copy (2026-08-30)Live source ↗
Quote: “the Company entered into privately negotiated transactions...to exchange $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.”
How we checked this
Checked on September 2, 2026. The cited source supports every part of this claim.
The 8-K describes the note exchange transactions with the same principal amount, cash consideration and share count, and reports that the exchanges closed on August 21, 2026.
Confirmed in the source:
- WhiteFiber entered into privately negotiated exchange transactions with holders of its 4.500% Convertible Senior Notes due 2031
- $198.15 million aggregate principal amount of the existing notes was exchanged
- Consideration was approximately $118.5 million in cash (including accrued and unpaid interest) and approximately 6.3 million ordinary shares
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/2042022/000121390026092599/ea0302925-8k_white.htm) in full (20,917 characters, retrieved August 30, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WhiteFiber 8-K filed 2026-08-21
Quote: “the Company entered into privately negotiated transactions...to exchange $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.”