SentinelOne shares fall 7% on announcement of $1.25 billion convertible note issuance
S SentinelOne Inc
$25.66 -2.32%
View chart & analysis → - 1SentinelOne shares fell 7% on Tuesday.
- 2The $1.25 billion convertible note issuance by SentinelOne matures in 2031.
- 3Net proceeds, including a $150 million share repurchase authorization, will be used for corporate purposes.
So what's the key point?
SentinelOne announced it will issue $1.25 billion in notes. The stock price fell 7% following this news.
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