CoreWeave (CRWV) Jumps After $2.25B Convertible Deal – What to Know Before the December 10 Open
CoreWeave shares closed Tuesday at $90.66, up 5.1% after the company priced a $2.25 billion convertible debt deal, larger than its initial target. Volume reached about 34 million shares. In after-hours trading, the stock eased to $90.42. The notes carry a 1.75% coupon and may convert at $107.80 per share, a 25% premium to Monday’s close.