Keel Infrastructure Corp (NASDAQ:KEEL) shares are trading lower in Thursday’s after-hours session after the company announced a proposed offering.
Keel Infrastructure stock is among today’s weakest performers. Why are KEEL shares down?
Something went wrong.
Keel Announces $350 Million Offering
After the market close on Thursday, Keel announced that it plans to offer $350 million of convertible senior notes due 2032. The digital and energy infrastructure company will also grant the underwriters a 13-day window to buy up to an additional $58 million of the convertible notes.
