Fermi (FRMI) Stock Craters 16% — Is the $375M Notes Deal a Red Flag?

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TLDR Fermi stock dropped ~16.6%, opening at $6.15 after closing at $7.32, on volume of over 22 million The company priced an upsized $375M convertible senior notes offering at 5.00% due 2031, with potential total issuance reaching $431.25M

Market at publication: BTC $63,837 · ETH $1,786 · Fear & Greed 23