The latest announcement is out from WisdomTree (WT).
WisdomTree, Inc. has entered into agreements to buy back all outstanding shares of its Series A Non-Voting Convertible Preferred Stock from ETFS Capital Limited for approximately $144 million. This repurchase aligns with a broader financial strategy, which includes a newly announced private offering of $300 million in convertible senior notes. The proceeds from this offering will partly fund the stock repurchase, pay off existing convertible notes, and support general corporate needs, reflecting the company’s proactive capital management efforts.
For an in-depth examination of WT stock, go to TipRanks’ Stock Analysis page.
