CoreWeave Closes $4.2B Convertible Notes Offering, Upsized from $3.7B
CRWV sits 44% above its 52-week low of $60.55.
Summary
CoreWeave completed its upsized $4.2 billion convertible notes offering on September 22, 2026, with net proceeds of $4.137 billion after capped call costs of $566.2 million.
Key Events · Financing and Capital Events · CRWV
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$4.2B Convertible Notes Offering Completed
On September 22, 2026, CoreWeave issued $4.2 billion of 2.875% convertible senior notes due 2033, upsized from $3.7 billion after the initial purchasers' $500 million option was exercised in full.
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Conversion Premium of 22.5%
The initial conversion price of $97.85 per share represents a 22.5% premium over the September 17, 2026 reference price of $79.88, with a maximum of 52,578,540 shares issuable upon full conversion.
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Net Proceeds of $4.137 Billion
After deducting initial purchasers' discounts, CoreWeave received $4,137.0 million in net proceeds, of which approximately $566.2 million funded capped call transactions.
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Capped Calls Cap Dilution at $199.70
Capped call transactions with a $199.70 cap price (150% premium to reference price) are designed to reduce dilution from note conversions up to that level.
Analysis · CRWV · Technology
The convertible senior notes offering closed at $4.2 billion, up from the $3.7 billion priced on September 18, 2026, after the initial purchasers exercised their $500 million option in full. The notes carry a 2.875% coupon and convert at $97.85 per share, a 22.5% premium to the September 17 reference price of $79.88. Net proceeds of $4.137 billion, after $566.2 million spent on capped call transactions, provide substantial capital for general corporate purposes. The capped calls, with a $199.70 cap price, are designed to reduce dilution from conversions up to that level. This financing extends CoreWeave's runway amid heavy infrastructure spending and a $35.6 billion debt load previously disclosed.
How filings like this one have moved
In the 30 days to Oct 15, 2026, 37% of the 992 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CRWV was trading at $86.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $47.9B. The 52-week trading range was $60.55 to $153.20. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.