Coreweave Shares Fall on $2 Billion Convertible Note Deal

CoreWeave Inc. shares fell after the company unveiled plans to raise $2 billion by issuing debt that can be exchanged for shares.

The Livingston, New Jersey-based artificial intelligence infrastructure company is offering the notes due in 2031 with a 1.5% to 2% coupon, according to people familiar with the matter. Shares fell as much as 7% to $82.10 in premarket trading.