ChainCatcher news, Bitcoin mining company MARA announced that the total principal amount of its 0.00% convertible senior notes maturing in 2031 has been increased to $850 million (initially announced as $700 million).MARA also granted the initial purchasers of the notes an option to purchase up to $150 million in total principal amount of the notes within 13 days from the date of the initial issuance of the notes. The net proceeds will be used to purchase more Bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding obligations.

ChainCatcher news, Bitcoin mining company MARA announced its plan to privately issue $700 million of 0.00% convertible senior notes (due 2031) to qualified institutional buyers. MARA also expects to grant the initial purchasers of the notes an option to purchase additional notes of up to $105 million in principal amount within 13 days from the date of the initial issuance of the notes.MARA expects to use the net proceeds from the sale of the notes, which could be up to $50 million, to repurchase a portion of its existing convertible notes due 2026 ("existing 2026 convertible notes") through privately negotiated transactions, with the remaining net proceeds being used to purchase more Bitcoin and for general corporate purposes.

ChainCatcher news, metaverse company Super League has completed a $23.8 million private placement financing through two convertible preferred stock transactions. According to NASDAQ rules, the final transaction is expected to be completed later this week, with SternAegis Ventures serving as the exclusive placement agent for this financing deal, involving existing investors, new investors, and affiliates of the placement agent.It is reported that Super League provides gaming and digital space experiences on metaverse platforms such as Roblox, Minecraft, and Fortnite, with innovative solutions that allow consumers to socialize, entertain, explore, collaborate, shop, learn, and create in the metaverse. (source link)