MARA

#1459
MARA Holdings, Inc. - Common Stock
11.2 9 USD
+0.01%
Market Price
Sector: Financial
Base: USD
Profit Currency: USD
Daily Range
10.93
11.34
Year Range
6.66
23.45
Daily Change
+0.98%
Monthly Change
-8.06%
6 month change
+33.93%
Year Change
-26.31%
Previous Close
11.1 8
Open
11.0 6
Low
10.9 3
High
11.3 4
Volume
5 246
Open full chart

Financials

Overview Statement Statistics Documents

2026

Current report, Q3 FY2026
MARA Holdings, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
MARA Holdings, Inc. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
MARA Holdings, Inc. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
MARA Holdings, Inc. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
MARA Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
MARA Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
MARA Holdings, Inc. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
MARA Holdings, Inc. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
MARA Holdings, Inc. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
MARA Holdings, Inc. current report, Q1 FY2026
8-K

MARA Holdings, Inc. current report, Q4 FY2024

Full document

Business Context and Reporting Period

Company: MARA Holdings, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: December 2, 2024
Event: Pricing of an upsized private offering of convertible senior notes.

Key Financial Metrics

This filing details a capital raise rather than operational performance metrics. Key figures include:

  • Offering Size: $850 million aggregate principal amount of 0.00% convertible senior notes due 2031.
  • Over-Allotment Option: Up to an additional $150 million principal amount exercisable within 13 days.
  • Estimated Net Proceeds: Approximately $835.1 million (base) or $982.5 million (with full option exercise), after discounts and commissions but before offering expenses.
  • Debt Repayment Plan: Approximately $48 million of net proceeds allocated to repurchase $51 million in aggregate principal amount of existing convertible notes due 2026.

Material Changes

The primary material change is the expansion of the company's debt capital structure through the issuance of new zero-coupon convertible notes. The filing does not provide comparative financial data (revenue, profit, or cash flow) against prior periods as this is a transaction-specific report.

Guidance, Outlook, and Use of Proceeds

Use of Proceeds:

  • Repurchase of existing convertible notes due 2026.
  • Acquisition of additional bitcoin.
  • General corporate purposes, including working capital, strategic acquisitions, asset expansion, and repayment of other debt.
Outlook and Risks:
  • The offering is expected to close on December 4, 2024, subject to customary conditions.
  • Forward-looking statements regarding proceeds and completion are subject to market uncertainties and risks detailed in the company's 10-K and 10-Q filings.

Investor Verification Checklist

  • Verify the final closing date and whether the $150 million over-allotment option was exercised.
  • Confirm the actual amount of existing 2026 convertible notes repurchased versus the planned $51 million principal.
  • Monitor subsequent filings for the specific volume of bitcoin acquired with the remaining proceeds.
  • Review the definitive indenture for the 2031 notes to understand conversion terms and dilution potential.

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