Note Exchange Transaction - $198.15M for $118.5M + 6.3M shares
Company: WhiteFiber
What the later record shows
Delivered on time · happened August 21, 2026
The closing release dated August 21, 2026 confirms the exchange of $198.15M of 2031 notes for about $118.5M cash and about 6.3M shares.
“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 ↗
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
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 October 11, 2026. The cited source supports every part of this claim.
The filing states the principal amount, the series of notes, the cash amount, and the share count for the exchange, and indicates it closed. The $118.5 million includes accrued interest, and the filing gives the share count as approximate.
Confirmed in the source:
- WhiteFiber entered into privately negotiated exchanges with holders of its 4.500% Convertible Senior Notes due 2031
- $198.15 million aggregate principal amount of those notes was exchanged
- The exchange consideration was approximately $118.5 million in cash (including accrued and unpaid interest)
- The exchange consideration also included approximately 6.3 million ordinary shares
- The exchange was completed, as the filing says the cash consideration was paid from offering proceeds and a press release announced its closing
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.”
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”