Reported about 12 hours ago
CoreWeave's shares surged 19% after the company announced a $2 billion debt offering, which was $500 million larger than initially planned. The senior notes, with a 9.25% interest rate due in 2030, were five times oversubscribed. The fund will be used to repay existing debt and other corporate purposes. This announcement follows a record 400% year-over-year revenue growth in the first quarter, with CoreWeave’s stock now nearly tripling since its public debut in March.
Source: YAHOO