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, Jack Dorsey's payment company Block Inc. announced on May 6 its plan to issue $1.5 billion in senior notes through a private placement to qualified institutional investors.The company stated in a statement that the terms of the notes, including the interest rate and maturity date, will depend on negotiations with the initial purchasers. Investors approved to participate in this round of financing include pension funds, banks, mutual funds, and high-net-worth individuals.Previous news, Block Inc. co-founder Jack Dorsey announced that starting in April 2024, Block will allocate 10% of the gross profits from Bitcoin-related products each month to purchase Bitcoin.

ChainCatcher news, Canaan Creative announced the completion of the first round of its previously announced preferred stock financing, successfully raising a total of $25 million.On November 27, 2023, Canaan Creative signed a securities purchase agreement with an institutional investor, under which Canaan Creative will issue and sell up to 125,000 shares of Series A convertible preferred stock to the investor at a price of $1,000 per share. In the first round of preferred stock financing, Canaan Creative issued 25,000 shares of preferred stock at a price of $1,000 per share and delivered 8,000,000 American Depositary Shares (ADS) through BNY Mellon, with each ADS representing 15 shares of Canaan Creative's Class A common stock, priced at $0.00000075 per ADS.Canaan Creative plans to use the net proceeds from this securities sale for research and development, expanding production capacity, and other 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)