CoreWeave (CRWV) shares fell 3.70% in pre-market trading, hitting $85.03, after the company announced a proposed $2 billion offering of convertible senior notes due 2031 in a private placement. * The company plans to grant initial purchasers an option to buy up to an additional $300 million of notes. * Proceeds will be used partly for capped call transactions, intended to reduce potential dilution to its Class A common stock, with the remainder allocated to general corporate purposes, including infrastructure expansion.
CoreWeave falls in pre-market after announcing $2 billion convertible notes offering