CRWV is trading at 5% down now at $83.86 after the company announced a proposed $2 billion convertible senior notes offering due 2031, which the market views as dilutive despite the funding supporting significant AI infrastructure growth. * The offering includes an option for an additional $300 million in notes. * Proceeds from the deal will be used to fund capped call transactions and general corporate purposes. * This financing supports CoreWeave's continued heavy capital expenditure required for its AI infrastructure expansion.
🔴 CRWV is trading 5% down today after announcing a $2 billion convertible notes offering
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