CoreWeave, Inc. completed the upsized private offering of $4.2 billion aggregate principal amount of its 2.875% Convertible Senior Notes due 2033 on September 22, 2026. The notes bear interest payable semiannually and mature on April 1, 2033. They are convertible into CoreWeave’s Class A common stock at an initial rate of 10.2194 shares per $1,000 principal amount, representing a conversion price of approximately $97.85 per share. The company entered into capped call transactions with a cap price of $199.70 per share to mitigate potential dilution, costing approximately $566.2 million. Net proceeds were $4,137.0 million after deducting discounts. CoreWeave operates in the cloud infrastructure and artificial intelligence sector.
