Over the past 5 trading days Iris Energy Ltd stock dropped by % , while Iris Energy Ltd stock improved 207% from a year before. Iris Energy Ltd stock is currently trading on the NASDAQ by 49.4% above its 52 week average.
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IREN Limited Secures $400 Million in Convertible Notes Amid Class Action Lawsuit TimelineSYDNEY, Dec. 04, 2024 IREN Limited (NASDAQ: IREN) has successfully priced its upscaled offering of $400 million aggregate principal amount of 3.25% convertible senior notes due 2030. The company announced this significant financial move in a private offering to accredited institutional buyers under Rule 144A of the Securities Act of 1933, marking a strategic maneuver as it navigates a volatile market landscape.This latest offering comes at a crucial time for IREN, especially considering the impending deadline for investors in Iris Energy Limited, who must secure legal counsel by November 27, 2024, in a significant class action lawsuit. This litigation adds a layer of complexity to the current environment surrounding the energy technology sector, as companies face increasing scrutiny and legal challenges.
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