MSTR - What's Going On With MicroStrategy Stock Thursday? | Benzinga
MicroStrategy Inc (NASDAQ:MSTR) shares are trading slightly higher Thursday after the company announced that it completed its previously announced offering.
What Happened: MicroStrategy said on June 18 it completed its previously announced offering of 2.25% convertible senior notes due 2032.
MicroStrategy said it sold an aggregate amount of $800 million of notes in the private offering to people reasonably believed to be qualified institutional buyers.
The notes are unsecured, senior obligations of MicroStrategy, and bear interest at a rate of 2.25% per annum, payable semi-annually. The conversion rate for the notes is initially 0.4894 shares of MicroStrategy’s class ...