WhiteFiber (WYFI) Stock Tanks 25% After Surprise $250 Million Debt Offering

TLDR

• WhiteFiber (WYFI) fell 25% in after-hours trading after announcing a $250 million convertible senior notes offering
• The notes are due 2032 and will be offered in a private placement to qualified institutional buyers
• Proceeds will go toward data center expansion, GPU servers, and potential acquisitions
• During regular trading Tuesday, the stock was already down 8.5% to around $27.78
• 11 analysts rate WYFI a Buy with an average price target of $36.08

WhiteFiber (WYFI) stock dropped 25% in after-hours trading Tuesday after the company announced plans to raise $250 million through a convertible senior notes offering. The stock had already been under pressure during the regular session, falling 8.5% to around $27.78, with volume running 74% below its daily average.

WhiteFiber, Inc. Ordinary Shares, WYFI

The notes are due in 2032 and will be offered in a private placement to qualified institutional buyers. WhiteFiber is also giving initial purchasers the option to buy an extra $37.5 million in notes on top of the base amount.

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