MicroStrategy Inc (NASDAQ:MSTR) shares are moving in extended trading Monday after rallying about 13% during regular trading hours. Here’s what you need to know.
What To Know: After the market close on Monday, MicroStrategy announced a proposed private offering of $1.75 billion worth of its 0% convertible senior notes due 2029.
The company will offer the shares in a private offering to qualified institutional buyers. MicroStrategy also plans to grant the initial purchasers a three-day period to purchase up to an additional $250 million worth of the …
Full story available on Benzinga.com