SEDG - Why SolarEdge Stock Is Tanking After-Hours | Benzinga
SolarEdge Technologies, Inc. (NASDAQ:SEDG) shares are trading lower after-hours Monday after the company announced its intentions for a $300 million private offering.
The Details
SolarEdge announced it intends to offer a $300 million aggregate principal amount of convertible senior notes due 2029 in a private offering to qualified institutional buyers. In connection with the offering, SolarEdge expects to grant the initial purchasers of the notes a 13-day option to purchase up to an additional $45 million aggregate principal amount of the notes on the same terms and conditions.
According to data from Benzinga Pro, SolarEdge shares are down more than 30% over the past month and 23.44% ...