MARA Holdings, Inc. (NASDAQ: MARA), a global firm focused on leveraging digital asset compute to support the energy transformation, announced the closing on November 20, 2024 of its offering of 0.00% convertible senior notes due 2030. Mara Holdings confirmed in the update that it has… Read More
Carta has released its latest report, titled, State of Pre-Seed: Q1 2024. Carta notes in the research report that fundraising for pre-seed companies “stayed robust in Q1 2024, dominated by SAFEs and convertible notes; valuation caps remained flat.” While commenting on the actual definition/criteria for… Read More
MicroStrategy Incorporated (Nasdaq: MSTR) has revealed that it plans to provide (subject to market conditions and other factors) $400 million aggregate principal amount of convertible senior notes due 2025 in a private offering to āqualified institutional buyers in reliance on Rule 144A under the Securities… Read More
Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, recently announced theĀ closing of its offering of $517.5 million aggregate principal amount of 0.75%Ā convertible notes due 2025. According to Envestnet, the Notes were sold in a private offering to qualified… Read More
Envestnet, Inc. (NYSE: ENV), a provider of intelligent systems for wealth management and financial wellness, announced on Monday it proposes to offer $450 million aggregate principal amount of convertible notes due 2025 in a private offering to qualified institutional buyers pursuant to Rule 144A under… Read More
Payments platform Square recently announced the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2025 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. Square revealed that the notes will be senior,… Read More
Chinese consumer financing platform LexinFintech announced on Wednesday it has entered into a convertible note purchase agreement with PAG issue and sell convertible notes in an aggregate principal amount ofĀ $300 million through a private placement.Ā LexinFintech reported that the convertible notes will mature in seven… Read More
BNPL provider Affirm Holdings, Inc. (Nasdaq: AFRM) announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of Convertible Senior Notes due 2029 (the āNotesā) in a private offering. In connection with the Offering, Affirm said that it… Read More
Marathon Digital HoldingsĀ (NASDAQ: MARA) has announced that it intends to offer, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2031 in a private offering “to persons reasonably believed to be qualified institutional buyers in reliance on… Read More
MicroStrategy (NASDAQ:MSTR) recently revealed its plan to sell $500 million in convertible bonds in order to finance the purchase of more Bitcoin (BTC). MicrosStrategy, which presently possesses 214,400 Bitcoin (BTC) valued at about $14.5 billion, holds more than 1% of BTCās total circulating supply. The… Read More
In an 8-K filed with the Securities and Exchange Commission, Coinbase (NASDAQ:COIN) indicated its intent to raise up to $1 billion in funding in a convertible debt offering. Coinbase stated the convertible senior notes are due in 2030. Coinbase also intends to grant the initial… Read More
Invesdor, an online capital formation platform empowering retail investors to participate in private securities offerings, is reporting its largest crowdfunding round ever. According to an email, Singa, a karaoke startup, has raised over ā¬2.75 Million. The securities offering is still live and open to investors… Read More
Coinbase (NASDAQ:COIN), a top crypto exchange that recently completed a direct listing on the Nasdaq, has announced a convertible debt offering for $1.25 billion for notes due 2026. The news took investors by surprise as the offering has not been previously disclosed. Shares declined following… Read More
Kenya-based Fintech platformĀ LendableĀ announced on Thursday the closing of an innovative secured dual tranche 36-month note program, called Multi-Originator Segregated Portfolio 2, or “MOP2.” According to Lendable,Ā MOP2 is the second fundraiser of secured pass-through notes backed by consumer, SME, solar and productive asset loans originated by… Read More
Whatās happening: the industry wants equity Itās ironic that crowdfunding makes it possible to set up companies that otherwise never wouldāve come into existence, only to ruin them later by postponing the valuation issues that any start up will have to solve sooner or later…. Read More
Crowdfunding for Singapore-based RedMart nears its $5 million goal on AngelList. The grocer start-up seeks to raise funds as convertible debt during its most current round of funding. RedMart is online marketplace for household essentials with over 5,000 products in stock. The grocer offers competitive… Read More
The US venture market continues a slow evolution by way of correcting expectations and valuations, “at least in some arenas of the market,” according to an update from PitchBook. Artificial intelligence and machine learning (AI & ML) is “driving interest across the strategy, with company… Read More
Axyon AI, an Italian AI fintech company, has closed its latest funding round led by the US-based venture capital firm Montage Ventures and accompanied by The Techshop SGR, alongside other angel investors. The investment round marks a new chapter in Axyon AI’s journey “towards revolutionising… Read More
Nanofiber Quantum Technologies Inc. (NanoQT) announced a successful $8.5 million fundraising round, anchored byĀ global venture capital firms. The round was backed by US’s Phoenix Venture Partners (PvP) and Japan’s JAFCO Group Co Ltd, SPARX Group Co Ltd, Keio Innovation Initiative, Inc. (KII), and Waseda… Read More
Every startup begins as a pre-seed company, the team at Carta notes in a blog post. At Carta, they define āpre-seedā as any company that “has yet to raise a priced equity round.” These nascent businesses usually raise capital “with convertible instruments, the most common… Read More
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