Cloudflare Inc. (NET) Stock: Rises as Company Plans $2.175B Notes Offering

TLDR Cloudflare plans a $2.175 billion convertible notes offering maturing in 2031. NET stock rose to $303.25 after recovering from an intraday drop below $290. Cloudflare may raise up to $2.5 billion if buyers exercise the full option. Capped call transactions aim to reduce dilution from future note conversions. Proceeds may fund working capital, debt [...]

The post Cloudflare Inc. (NET) Stock: Rises as Company Plans $2.175B Notes Offering appeared first on Blockonomi.