HIVE Digital Completes $115 Million Zero-Coupon Exchangeable Bond Offering, Plans to List on the Toronto Stock Exchange
Source：
www.theenergymag.com
According to TheEnergyMag, HIVE Digital (NASDAQ: HIVE) completed a private placement of $115 million in zero-coupon senior exchangeable notes (including a $15 million over-allotment option) through its wholly owned subsidiary HIVE Bermuda 2026 Ltd. The notes mature on April 15, 2031. The initial exchange price is approximately $2.57 per share, representing a 17.5% premium over the latest trading price; concurrently, the company entered into a cash-settled capped call transaction with a cap price of $4.92 per share, representing a 125% premium. Additionally, HIVE Digital plans to transfer its listing from the TSX Venture Exchange to the Toronto Stock Exchange around April 30, 2026, subject to meeting all applicable listing requirements.
