Private Placement
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CyberArk Announces Upsized $1.1 Billion Convertible Senior Notes Offering Due 2030
CyberArk is issuing $1.1 billion in 0.00% convertible senior notes due 2030, upsized from $750 million. The notes are exchangeable for CyberArk shares at an initial conversion price of roughly $509.84, a 30% premium. The company has also entered into capped call transactions to mitigate dilution. Proceeds will fund corporate purposes, potentially including acquisitions.
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CORRECTION: VivoPower Launches XRP-Focused Digital Asset Treasury Strategy with $121M Private Placement at $6.05, Exceeding Closing Price, Compliant with NASDAQ Regulations
VivoPower International PLC (VVPR) corrected its May 28, 2025 press release regarding its XRP digital asset strategy and a $121 million private placement. The company is shifting towards the XRP space, acquiring and managing XRP as part of a diversified digital treasury to support the XRP Ledger and DeFi infrastructure. This strategic pivot reflects a commitment to digital assets, with forward-looking statements subject to risks and uncertainties.
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Impact Silver Closes $3.9 Million Non-Brokered Private Placement
IMPACT Silver (TSXV: IPT) raised C$3.93 million via a dual-tranche private placement, combining C$1.66 million from a LIFE offering (C$0.20/unit) and C$2.27 million from standard units (C$0.18/unit), with tiered warrants exercisable at C$0.24–0.26. Proceeds will accelerate exploration at Mexico’s Plomosas zinc-lead-silver project and revive the Zacualpan silver district, alongside operational upgrades. The financing introduces 15% dilution (20.9M shares), potentially reaching 31.7% if warrants fully convert. While immediate liquidity from LIFE shares benefits investors, challenges include declining Zacualpan silver grades and discontinuous mineralization at Plomosas requiring new discoveries to offset risks.
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Southern Company Prices $1.45 Billion Upsized 3.25% Convertible Senior Notes Due 2028
Southern Company priced $1.45 billion in 3.25% Convertible Senior Notes due 2028, a $200 million increase from its initial target. The notes, convertible at $113.54/share (25% premium over May 20 closing price), were issued privately under SEC Rule 144A. Proceeds (~$1.44 billion, rising to $1.63 billion if options are exercised) will refinance existing debt, cover commercial paper, and support corporate activities, including potential subsidiary investments. Southern noted potential stock volatility due to investor hedging adjustments. The offering, set to close by May 23, 2025, excludes public registration, restricting resale under U.S. securities laws.
