Iris Energy (IREN) has released an update.
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Iris Energy is planning to raise $300 million through a private offering of convertible senior notes due in 2030, aiming to fund corporate activities and manage capital. The company is employing capped call transactions to mitigate potential share dilution, a strategy that may influence the market price of its ordinary shares. This move provides investors with opportunities to hedge their investments, possibly affecting IREN’s share price trajectory.
For further insights into IREN stock, check out TipRanks’ Stock Analysis page.
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