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Fastly Finalizes $20M Convertible Notes Offering

Story Highlights
  • Fastly issued $20 million in Convertible Senior Notes on December 17, 2025, raising $19.4 million in net proceeds.
  • The company used $2 million for capped call transactions to minimize equity dilution from note conversions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Fastly Finalizes $20M Convertible Notes Offering

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Fastly ( (FSLY) ) has provided an update.

Fastly, Inc., a provider of cloud-based solutions, announced the issuance of additional $20 million worth of 0% Convertible Senior Notes due 2030, as part of a private offering initially closed on December 9, 2025. On December 17, 2025, the company finalized the sale, resulting in net proceeds of $19.4 million, which will partially be used for privately negotiated capped call transactions aimed at reducing dilution or offsetting cash payments tied to note conversions. These capped call transactions, with a cap price of $23.04 per share, are designed to mitigate potential operational impacts on the company’s equity.

The most recent analyst rating on (FSLY) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on Fastly stock, see the FSLY Stock Forecast page.

Spark’s Take on FSLY Stock

According to Spark, TipRanks’ AI Analyst, FSLY is a Neutral.

Fastly’s overall score reflects strong earnings performance and positive technical momentum, tempered by ongoing profitability challenges and valuation concerns. The strategic move to Nasdaq and positive earnings call sentiment contribute positively, but financial performance remains a key area for improvement.

To see Spark’s full report on FSLY stock, click here.

More about Fastly

Average Trading Volume: 4,411,307

Technical Sentiment Signal: Buy

Current Market Cap: $1.52B

For a thorough assessment of FSLY stock, go to TipRanks’ Stock Analysis page.

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