mon(@moninvestor):$WYFI is getting absolutely crushed. -10% yesterday -20% overnight The company announced a $250M convertible offering, with an option to increase it to $287.5M. That's roughly 25% of its pre-drop market cap. It's a huge raise for a company this size, so I understand the reaction, but these are convertible notes rather than a straight equity offering and much of the capital is going towards its data center expansion. This could turn into a great buying opportunity depending on the final terms.

mon

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mon@moninvestor

2026.08.19 05:55

$WYFI is getting absolutely crushed. -10% yesterday -20% overnight The company announced a $250M convertible offering, with an option to increase it to $287.5M. That's roughly 25% of its pre-drop market cap. It's a huge raise for a company this size, so I understand the reaction, but these are convertible notes rather than a straight equity offering and much of the capital is going towards its data center expansion. This could turn into a great buying opportunity depending on the final terms.