Key Notes

Block Inc.

plans to issue $1.5 billion in senior notes to qualified institutional buyers for corporate expansion needs.

ARK Invest acquired 262,463 shares after the stock dropped 15% from its weekly peak, now holding 1.62% of total portfolio.

The fintech company recently joined the S&P 500 index in July, replacing Hess Corp.

with $45.44B market cap.

Block Inc. , a financial technology company founded by tech mogul Jack Dorsey , announced on Aug. 13 that it will seek to issue senior notes in the amount of $1.5 billion over two series.

According to a press release , the firm aims to raise the debt in support of “general corporate purposes,” which it describes as including debt repayment and repurchase, potential acquisitions, strategic transactions, capital expenditures,

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