🔴 CRWV is trading 3.1% down today after $2.25 billion convertible notes pricing

CRWV is trading at 3.1% down now at $87.84 following the company's pricing of a $2.25 billion convertible senior notes offering on December 9, 2025. The offering, which includes notes due December 1, 2031, is intended for capped call transactions and general corporate purposes.

• The notes offering includes an additional $300 million option for initial purchasers.
• The current 3.1% decline is modest compared to the initial 15% drop when the offering was first announced, suggesting the market has largely absorbed dilution concerns.
• Analysts speculate that CoreWeave may be preparing for a major contract announcement to justify the significant capital raise.