Gate, a leading cryptocurrency exchange, announced the pricing of convertible senior bonds totaling $1.0 billion with a zero percent interest rate and a maturity date in 2030 as part of a private placement. The offering size was increased compared to the previously announced size of $750.0 million in total nominal value of the bonds.



According to a report from Gate, the company has provided initial bond purchasers with a 13-day option to purchase additional bonds for a total amount of up to $150.0 million. The sale of bonds to initial purchasers is expected to be completed by September 11, 2025.

Bonds do not provide for regular interest payments, and their nominal value will not increase. The maturity date of the bonds will be September 15, 2030, unless they are redeemed, repaid, or converted according to their terms before this date.
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