Shares of Twitter Inc. TWTR,
fell 1.0% on the pre-market trading session on Tuesday, putting them on the right track for a three-day winning streak after the social media company announced the price of its $ 1 convertible debt offer, 25 billion. The company said the convertible notes, due in March 2026, will not pay interest. The initial conversion rate of the notes into common shares is equivalent to $ 130.03 per share, which is 67.5% above Monday’s record closing price of $ 77.63. The notes can be converted at the option of the note holders shortly before closing on December 15, 2025. Shares, which rose 7.9% in the last three days, rose 64.4% in the last three days while the S&P 500 SPX,
gained 6.4%.
