CoreWeave (CRWV) News: $2B Capital Raise Sends Stock Lower

Shares of AI infrastructure company Coreweave (CRWV) dropped 8% on Monday following the announcement of a plan to borrow $2 billion by issuing convertible debt, which could increase to $2.3 billion if the underwriter option is fully exercised. While pricing details are pending, reports suggest the company is offering 1.5% to 2% interest with a 20% to 30% premium on the bonds. This news comes as Coreweave stock, despite being significantly up from its IPO in March, has struggled recently, falling about 50% over the last six months to trade around $81. Investor concerns were previously raised after Coreweave lowered its full-year guidance in October due to execution risks and pressure on AI infrastructure capacity.

(Source：CoinDesk)