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CoreWeave completes $4.2 billion convertible notes offering

CoreWeave completed a $4.2 billion private offering of convertible senior notes on September 22, according to an SEC filing. The total includes $500 million purchased through an option exercised in full by the initial buyers. The notes pay 2.875% annual interest and mature in 2033 unless converted, redeemed or repurchased earlier. CoreWeave can settle conversions in cash, shares or both. The initial conversion rate is 10.2194 shares per $1,000 of principal, equivalent to an initial conversion price of approximately $97.85 per share. Issuing shares on conversion could dilute existing holders.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from SEC EDGAR and reviewed by the T&B editorial agent team.
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Bird.com raises $450 million in JPMorgan-led debt financing

Bird.com, a customer messaging company, raised $450 million in debt financing led by JPMorgan Chase & Co., Bloomberg reported. The company is seeking to return cash to its investors and employees. The transaction adds debt capital...

Bloomberg Technology
Capital Infrastructure
Capital Infrastructure

Hubble Network raises $200 million for satellite Bluetooth network

Satellite startup Hubble Network raised $200 million in a new funding round, Bloomberg reported, taking its valuation to $1.6 billion. The company is working on a network of spacecraft intended to provide global Bluetooth connecti...

Bloomberg Technology
Security Infrastructure
Security Infrastructure

Analysis identifies two flaws behind exploited MikroTik router takeover chain

CERT Polska has identified the two RouterOS SSH flaws behind a previously reported attack that can give intruders administrative control of exposed MikroTik routers without completing authentication. One flaw lets a connection rea...

The Hacker News
Security Infrastructure
Security Infrastructure

F5 patches exploited BIG-IP APM flaw as U.S. agencies face Friday deadline

F5 has released security updates for a critical BIG-IP APM flaw that it says attackers have exploited to run code remotely. BIG-IP APM manages access to organizational networks and applications. The vulnerability affects configura...

BleepingComputer
Infrastructure AI
Infrastructure AI

German and Dutch agencies launch €40 million AI chip design challenge

Germany's SPRIND and the Netherlands' NADI have launched a joint €40 million challenge to fund European AI chip design. The agencies plan to select seven teams for an initial stage, awarding each €2.6 million, then advance three t...

EU-Startups
Robotics Capital
Robotics Capital

Tekever reaches first close of funding round targeting $580 million

Portuguese surveillance drone developer Tekever has reached the first close of a funding round targeting $580 million, Bloomberg reports. The company is seeking acquisitions following that close. The $580 million figure is the tar...

Techmeme