BlockBeats news, on August 12, according to businesswire, DigitalOcean Holdings, Inc. (NYSE: DOCN) today announced the pricing of a total of $550 million in zero-coupon convertible preferred notes maturing in 2030. This private placement is aimed at parties reasonably identified as qualified institutional buyers, and the sale of the notes to the initial purchasers is expected to be completed on August 14, 2025, subject to customary closing conditions.
In addition, DigitalOcean grants the initial purchasers a purchase option, allowing them to purchase up to an additional $75 million in notes within 13 days from the date of the initial issuance (including the issuance date).