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Alphawave IP Group ( (GB:AWE) ) has provided an announcement.
Alphawave IP Group has announced the successful pricing of a $150 million convertible bond offering due in 2030, aimed at supporting its growth plans including research and development, capital expenditures, and potentially debt repayment. The bonds, which are convertible into ordinary shares, carry a 3.75% annual coupon and provide the company with financial flexibility to enhance its operational capacity and market positioning. The offering also saw significant participation from existing shareholders and is part of a broader strategy to strengthen the company’s financial foundation, with anticipated settlement by 18 December 2024.
More about Alphawave IP Group
Alphawave Semi is a global leader in high-speed connectivity and compute for data center infrastructure. The company offers technology that enhances data transmission speed, reliability, and performance while reducing power consumption. Its products are widely used by top-tier customers in sectors such as data centers, networking, AI, 5G, autonomous vehicles, and storage. Founded in 2017, Alphawave Semi is a vertically integrated semiconductor firm with a strong focus on accelerating critical data infrastructure.
YTD Price Performance: 9.01%
Average Trading Volume: 1,413,435
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.05B
See more insights into AWE stock on TipRanks’ Stock Analysis page.
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