Keel Infrastructure Corp. is trading 5.3% up now at $5.96, extending momentum after announcing the closure of a $458 million convertible senior notes offering due 2032. - The deal includes the full exercise of a $58 million option granted to initial purchasers, significantly boosting the company's liquidity position. - Proceeds are earmarked to fund key growth projects such as Panther Creek, which investors view as a strategic move to strengthen the balance balance sheet. - The capital raise supports long-term expansion plans and infrastructure development despite a softer overall crypto market.