CoreWeave Shares Drop Following $2 Billion Convertible Debt Offering Announcement
CoreWeave (CRWV) shares fell 8% after the company announced plans to raise approximately $2 billion through a private convertible debt offering. The convertible notes, due in 2031, offer an interest rate between 1.5% and 2% and include a conversion premium ranging from 20% to 30%. If the underwriter fully exercises its $300 million greenshoe option, the total raised could increase to $2.3 billion.
CoreWeave's stock price had surged to nearly $200 shortly after its initial public offering (IPO) on March 28, 2025, at Nasdaq. However, over the subsequent six months, the share price declined by about 50%, trading near $81 as of December 8, 2025. The company’s October earnings report featured a downward revision of its full-year guidance, which heightened investor concerns regarding growth prospects, execution risks, and limitations in AI infrastructure capacity.
