HIVE Digital completes issuance of $115 million zero-coupon exchangeable bonds and plans to transfer listing to the Toronto Stock Exchange
According to ChainCatcher, HIVE Digital's wholly owned subsidiary HIVE Bermuda 2026 Ltd. has completed a $115 million private placement of zero-coupon senior exchangeable bonds (including a $15 million over-allotment). The bonds will mature in 2031. The initial exchange price is approximately $2.57 per share, representing a 17.5% premium over the latest trading price; the company simultaneously completed a capped call transaction, with the cap price at $4.92 per share, a 125% premium.
In addition, HIVE Digital plans to transfer its stock listing from the TSX Venture Exchange to the Toronto Stock Exchange around 2026, subject to meeting listing requirements.
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