WisdomTree issues $345 million convertible notes due 2029, repurchases preferred stock
WisdomTree issued $345.0 million of 3.25% convertible senior notes due 2029 on August 13, 2024, which netted approximately $337 million in proceeds. On the same day, the company closed its repurchase of all 14,750 outstanding Series A Preferred shares from ETFS Capital Limited, which were convertible into 14,750,000 common shares. Shareholders could face dilution if the notes convert, as up to 35,751,281 common shares may be issued at the maximum conversion rate.
Key points
- Notes: $345.0 million principal, 3.25% annual interest, maturing August 15, 2029; initial conversion price of approximately $11.82 per share
- Net proceeds of approximately $337 million; the Initial Purchaser also exercised its option to buy $45.0 million of additional notes
- Series A Preferred Stock: all 14,750 shares repurchased and retired, with the transaction closing August 13, 2024
- Up to 35,751,281 common shares may be issued on conversion, based on the maximum conversion rate of 103.6269 shares per $1,000 principal
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.