WhiteFiber slides after announcing $200 mln convertible bond sale
ReutersJan 21, 2026 9:21 PM
Shares of AI infrastructure firm WhiteFiber WYFI.O down 7.5% at $18.80 in extended trading as it looks to raise capital
Co announces private offering of $200 mln convertible bonds due 2031
It plans to use net offering proceeds primarily for data center expansion, and for potential acquisitions, partnerships and joint ventures, among other uses
It also intends to use portion of proceeds to pay the cost of zero-strike call option transactions to facilitate hedging
New York City-headquartered co has about $780 mln market cap
WYFI shares on Weds closed up 6% at $20.32. WhiteFiber went public in Aug after $159 mln IPO priced at $17
All 9 analysts are bullish; median PT is $37, per LSEG
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