DigitalOcean repurchases $471.8M convertible notes for $1.47B, funded by 12.5M share sale

Filed July 24, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

• high

  Repurchased $471.8M principal of 0% convertible notes due 2030 for $1.47B cash, a 212% premium to par reflecting stock appreciation since issuance

  Item 8.01 verify on EDGAR →
• high

  Funded repurchase by selling 12.5M shares at $117.54 in registered direct offering, raising ~$1.48B gross proceeds plus cash on hand

  Item 8.01 verify on EDGAR →
• medium

  Same noteholders who sold notes back purchased the new shares through privately negotiated agreements, maintaining equity exposure

  Item 8.01 verify on EDGAR →