
SoFi Stock lead by Anthony Noto is making BILLION DOLLAR Moves! SoFi is raising capital and at the same time inviting institutions to invest in the company. Anthony Noto the leader of SoFi is no doubt a strategical genius with years in the financial industry, this move that SoFi Stock is doing with the raising of capital is likely due to SoFi planning big things! What exactly the money will be used for Is tough to say but knowing Anthony Noto & SoFi they will not disappoint. If they are raising capital especially this much capital after just raising capital through the SPAC Merge I'm sure they have a reason. We will go over all this and more in the video, so if you like this type of content be sure to like and subscribe for more! We cover everything SoFi, SoFi Stock, & Anthony Noto! Make sure to hit that notification bell to stay updated as soon as we drop breaking Sofi Stock news, SoFi Fundamental Analysis, & SoFi Technical Analysis.
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SoFi Press Release Article https://www.businesswire.com/news/home/20210929006019/en/SoFi-Technologies-Inc.-Increases-Size-of-Offering-and-Prices-1.1-Billion-Convertible-Senior-Notes-Offering-Due-2026
TIMESTAMPS:
00:00 INTRO
00:40 SoFi Announces Proposed Convertible Senior Notes Due in 2026
01:00 SoFi’s UPDATED Proposed Plan to INCREASE size to $1.1 BILLION
01:45 Definition of Senior Convertible Notes
02:08 Definition of Debt Securities
02:36 Investors Having The Option To Exchange Notes for Predetermined Shares
03:00 When Will These Notes Be Convertible?
03:23 Convertible Senior Notes Will Be Unsecured and What This Means
03:52 Initial Conversion Rate Of SoFi Common Stock
04:28 Who Is Eligible to BUY these Stocks?
04:45 Definition of Qualified Institutional Buyer
05:05 Qualifications of a Qualified Institutional Buyer
05:28 How Does SoFi Plan To Settle The Conversion Of These Notes?
06:00 How Much SoFi Expects From the Net Proceeds of This Offering
06:40 What The Remainder of The Net Proceeds Will Be Used For
07:04 Definition of Capped Call Transactions
08:07 What Capped Call Transactions Do
08:25 Why Did SoFi Offer These Notes in The First Place?
09:00 Conclusion
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