$KEEL

BTIG Research Initiates Coverage on Keel Infrastructure With Buy Rating, $8 Price Target

Keel Infrastructure Corp. (KEEL) has an average rating of Buy and mean price target of $6.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Keel Infrastructure Announces Addition to Russell 3000 Index

Keel Infrastructure (KEEL.TO, KEEL) has been added to the Russell 3000 Index, as part of the first 2026 Russell indexes reconstitution, said the company on Monday.The addition becomes effective as of U.S. market open on Monday, added the company.U.S.-listed shares of the company were last seen up 2.6% at US$6.19 in pre-market trading.

Keel Infrastructure Closes Convertible Notes Offering

Keel Infrastructure (KEEL) said late Tuesday it has closed its offering of $458 million of $1.25 convertible senior notes due 2032, including the full exercise of an over-allotment option.Net proceeds will be used to cover the cost of capped calls and for general corporate purposes, the company said.

Keel Infrastructure Down 8.8% After Hours as It Plans a US$350 Million Convertible Senior Notes Offering

Keel Infrastructure (KEEL.TO, KEEL) was down 8.8% in after-hours Nasdaq trade after the company on Thursday said it plans to offer US$350 million in convertible senior notes due 2032.The notes will be fully and unconditionally guaranteed on a senior unsecured basis by Bitfarms, Keel's wholly owned subsidiary. The company also expects to grant initial purchasers an option to buy up to an additional $58 million of notes within 13 days of issuance, according to the statement.The company did not offering pricing or conversion details for the notes.The notes will be senior unsecured obligations of Keel and will pay interest semi-annually on Jan. 15 and July 15, beginning Jan. 15, 2027. Unless earlier repurchased, redeemed, or converted, the notes will mature on Jan. 15, 2032, the company added.Keel also said that, in connection with the convertible notes offering, it expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers, their affiliates, and/or other financial institutions.Part of the proceeds will be used to fund capped call transactions, with the remainder allocated to general corporate purposes, the company added.The company's shares were last seen down US$0.52 to US$5.41 after hours. They closed down C$0.36 to C$8.24 on the Toronto Stock Exchange.

Chardan Initiates Keel Infrastructure at Buy With $4.50 Price Target