GreenBox to sell $100 million of two-year convertibles at 84, up 80%

By Abigail W. Adams

Portland, Me., Nov. 3 – GreenBox POS plans to price up to $100 million of two-year convertible notes at a discounted offer price of 84 and an initial conversion premium of 80%, according to a company news release.

EF Hutton, a division of Benchmark Investments LLC is placement agent for the off-shelf offering.

The Oct. 29 closing price of stock is the reference price for the conversion premium.

Proceeds will be used for acquisitions, for the Coyni stablecoin custodial revolver and for general corporate purposes.

GreenBox is a San Diego, Calif.-based financial technology company.

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