{"id":9583,"date":"2025-01-24T20:01:38","date_gmt":"2025-01-24T20:01:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=9583"},"modified":"2025-01-24T20:01:38","modified_gmt":"2025-01-24T20:01:38","slug":"microstrategy-to-redeem-1-05b-in-convertible-notes-settles-conversions-with-shares","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=9583","title":{"rendered":"MicroStrategy To Redeem $1.05B In Convertible Notes, Settles Conversions With Shares"},"content":{"rendered":"<div>\n<p><strong>MicroStrategy Incorporated<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) on Friday announced its plan to redeem its <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/43119637\/michael-saylors-proposal-to-increase-microstratagys-share-count-approved-by-shareholders-more-bitcoin-purchases-on-the-cards\">$1.05 billion convertible senior notes<\/a> due 2027 and settle all conversion requests in shares of its Class A common stock.<\/p>\n<p>The business intelligence and Bitcoin-focused company issued a notice of redemption to the trustee of the outstanding notes, setting Feb. 24, as the redemption date.<\/p>\n<p>The <a href=\"https:\/\/www.microstrategy.com\/press\/microstrategy-to-redeem-1b-of-2027-convertible-notes-settle-all-conversion-requests-in-shares_01-24-2025\">redemption<\/a> will include the full principal amount of the notes, along with any accrued and unpaid special interest. <\/p>\n<p>Holders of the notes can opt to convert their holdings at a rate of 7.0234 shares of MicroStrategy Class A &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/43201211\/microstrategy-to-redeem-105b-in-convertible-notes-settles-conversions-with-shares\" alt=\"MicroStrategy\" to redeem in convertible notes settles conversions with shares>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MicroStrategy Incorporated (NASDAQ:MSTR) on Friday announced its plan to redeem its $1.05 billion convertible senior notes due 2027 and settle all conversion requests in shares of its Class A common stock. The business intelligence and Bitcoin-focused company issued a notice of redemption to the trustee of the outstanding notes, setting Feb. 24, as the redemption [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-9583","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9583"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/9583\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}