Hims & Hers is raising $350 million in convertible debt, leading to a stock drop, but the company is using the funds for strategic expansion.
Source Post
Why Hims & Hers Stock Just Dropped (And What Happens Next) | $HIMS
May 19, 2026
Hims & Hers is raising $350 million in convertible debt to fund acquisitions and investments, which has caused the stock to drop. The debt has a 0% interest rate and is convertible into stock at $29.53 per share, with a capped call transaction limiting dilution to $50.15 per share. This move indicates an aggressive expansion strategy by management.
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