WT Raises $415M via Convertible Notes, Initial Purchasers Add $60M

Rhea-AI Filing Summary

WisdomTree, Inc. (WT) announced that it priced an offering of $415 million aggregate principal amount of convertible senior notes due 2030 and that the initial purchasers exercised their option to purchase an additional $60 million aggregate principal amount of the Notes, increasing the aggregate principal amount associated with the offering. The announcement is documented in a press release filed as Exhibit 99.1 to the current report.

The filing identifies the notes as convertible senior notes maturing in 2030, indicating the company has arranged long-term financing through convertible debt. The 8-K discloses the principal amounts and maturity year but does not provide interest rate, conversion terms, use of proceeds, or the expected accounting or dilution impact; those details are referenced as contained in the press release exhibit.

Positive

• Priced a substantial offering: $415 million aggregate principal amount of convertible senior notes due 2030 was priced
• Upsized by option exercise: initial purchasers exercised an option to purchase an additional $60 million, increasing the offering size
• Long-term financing in place: notes mature in 2030, providing multi-year capital

Negative

• Creates additional debt obligations: issuance of convertible senior notes due 2030 increases long-term liabilities
• Potential equity dilution: convertible nature of the notes implies future conversion could dilute existing shareholders (conversion terms not disclosed)
• Key terms missing from filing: coupon, conversion price, net proceeds use, and accounting impact are not provided in the 8-K text and require the press release exhibit

Insights

Debt Capital Markets Analyst

TL;DR: WisdomTree issued convertible senior notes totaling $415M plus a $60M option exercise, creating notable long-term financing.

The company priced $415 million of convertible senior notes due 2030, with initial purchasers exercising an option for an additional $60 million. From a debt markets perspective, this is a material capital-raising that increases the company’s long-term liabilities while providing near-term cash inflows. Convertible structures can reduce near-term cash interest costs relative to straight debt but introduce potential future equity dilution upon conversion. The filing lacks coupon, conversion price, or net proceeds detail, so full assessment of cost, dilution risk, and accounting impact is not possible without the press release exhibit.

Corporate Finance Specialist

TL;DR: The transaction is a significant financing event; its net effect depends on conversion economics and use of proceeds, which are not disclosed here.

Issuing convertible senior notes due 2030 provides WisdomTree with long-dated capital and flexibility, particularly if conversion features reduce cash interest burden. The exercised option for an additional $60 million increases the transaction size, suggesting demand among initial purchasers. Absent terms such as conversion rate, coupon, and intended use of funds, we cannot quantify dilution, refinancing benefits, or effects on leverage ratios. The event is material but requires the press release exhibit for complete evaluation.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 12, 2025

WisdomTree, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-10932		13-3487784
(State or other jurisdiction of incorporation)		Commission File Number:		(IRS Employer Identification No.)

250 West 34^th Street

3^rd Floor

New York, NY 10119

(Address of principal executive offices, including zip code)

(212) 801-2080

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, $0.01 par value		WT		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01. Other Events.

On August 12, 2025, WisdomTree, Inc. issued a press release announcing that it had priced an offering of $415 million aggregate principal amount of convertible senior notes due 2030 (the “Notes”) and that the initial purchasers of the Notes also exercised their option to purchase an additional $60 million aggregate principal amount of the Notes. A copy of the press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:  

Exhibit No.		Description
99.1		Press release, dated August 12, 2025, issued by WisdomTree, Inc.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				WisdomTree, Inc.
Date: August 12, 2025				By:		/s/ Bryan Edmiston
						Bryan Edmiston
						Chief Financial Officer

FAQ

What did WisdomTree (WT) announce in this 8-K?

WisdomTree announced it priced an offering of $415 million aggregate principal amount of convertible senior notes due 2030 and that initial purchasers exercised an option to buy an additional $60 million.

How large is the total offering after the option exercise?

The filing states $415 million in notes were priced and the initial purchasers exercised an option for an additional $60 million, indicating an aggregate principal amount associated with the offering of $475 million.

When do the convertible senior notes mature?

The notes are identified as due in 2030 in the 8-K filing.

Where can I find more details about the notes' terms?

The 8-K states a press release is filed as Exhibit 99.1; that exhibit should contain additional terms such as coupon, conversion price, and intended use of proceeds.

Does the 8-K disclose interest rate or conversion terms?

No. The 8-K text does not provide coupon, conversion rate, or other detailed terms; it references the press release exhibit for more information.