WisdomTree raises $591M via convertible notes, adding to existing debt stack

Filed March 30, 2026 · Period ending March 30, 2026 · ~1 min read

Key Changes

• high

  Issued $603.75M of 4.50% convertible senior notes due 2031, netting ~$591.2M after fees. Notes convert at $21.58/share, potentially adding ~28M shares if fully converted—significant dilution risk for existing holders.

  Item 1.01 verify on EDGAR →
• high

  New notes rank equally with three existing convertible debt issues (maturing 2026, 2029, 2030), revealing multiple layers of convertible obligations that compound total dilution exposure.

  Item 1.01 verify on EDGAR →
• medium

  Company can force redemption starting April 2028 if stock trades above ~$28.05 (130% of conversion price) for 20 of 30 days, giving management flexibility to manage capital structure if shares rally.

  Item 1.01 verify on EDGAR →