Fastly Raises $20 Million Through Convertible Notes Offering

Reuters12-18 05:04
<a href="https://laohu8.com/S/FSLY">Fastly</a> Raises $20 Million Through Convertible Notes Offering

Fastly Inc. has entered into a new financing arrangement involving the issuance of Option Notes to initial purchasers in a private placement. The Option Notes, which have the same terms as previously issued notes under an indenture dated December 9, 2025, represent a direct financial obligation for the company. These notes were offered to qualified institutional buyers under Rule 144A of the Securities Act, and may be converted into up to 15,624,990 shares of Fastly’s Class A Common Stock, subject to certain anti-dilution adjustments. The transaction also includes additional capped call transactions to manage potential dilution from the convertible notes.

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