Use of proceeds for note exchange
Company: WhiteFiber
The claim, verbatim
Approximately $118.5 million of net proceeds allocated to pay cash consideration for concurrent note exchange transactions
Source (primary)
WhiteFiber Announces Pricing of Upsized $270.0 Million Convertible Senior Notes Offering - TradingView (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “The Company intends to use (i) approximately $118.5 million of the net proceeds from the offering to pay the cash consideration for the concurrent note exchange transactions”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The release's use-of-proceeds section states this allocation.
Confirmed in the source:
- The company intends to use approximately $118.5 million of net proceeds to pay the cash consideration for the concurrent note exchange transactions
What we did: Read our cached copy of the publisher (https://www.tradingview.com/news/prnewswire:32fde9b287175:0-whitefiber-announces-pricing-of-upsized-270-0-million-convertible-senior-notes-offering/) in full (15,330 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WhiteFiber Announces Pricing of Upsized $270.0 Million Convertible Senior Notes Offering - TradingView
Quote: “The Company intends to use (i) approximately $118.5 million of the net proceeds from the offering to pay the cash consideration for the concurrent note exchange transactions”