Welcome to our dedicated page for Snap news (Ticker: $SNAP), a resource for investors and traders seeking the latest updates and insights on Snap stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Snap's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Snap's position in the market.
Snap Inc. announced the pricing of $650 million convertible senior notes due 2030 in a private placement to qualified institutional buyers. Snap also granted the initial purchasers an option to purchase an additional $100 million. The notes will be general unsecured obligations, with 0.50% interest payable semiannually. Snap may redeem the notes after May 5, 2027, or upon certain conditions. The notes will have an initial conversion rate of 45.0846 shares per $1,000 principal amount, representing a premium of 32.5% to the closing price of Snap Class A common stock on May 8, 2024.
Snap Inc. (NYSE: SNAP) announces a private offering of $650 million of convertible senior notes due 2030. The notes will be convertible at the option of the holders and Snap intends to use the proceeds for various corporate purposes. The offering may affect the trading price of Snap Class A common stock.
