CRWV is trading at 5.1% up now at $90.60 after investors reassessed its newly upsized $2.25 billion convertible senior notes offering and related growth plans. The positive sentiment follows the company successfully pricing the private offering, which was increased to support corporate needs.
- The company priced the offering of convertible senior notes due 2031 at $2.25 billion, upsized from the initially planned $2 billion.
- Proceeds from the offering are designated for a capped call transaction and general corporate purposes.
- This rally reverses previous share slides that occurred following initial financing announcements and November revenue-guidance cuts tied to data-center delays.