Vulcan Infrastructure and Power Inc. (Nasdaq: VIP) has completed the redemption of all remaining 8.50% Senior Notes due 2026. The company said the transaction involved $30,345,200 of outstanding principal and was completed at 100% of the principal amount, together with approximately $523,000 in accrued and unpaid interest through October 12, 2026.
The total amount paid in connection with the redemption was approximately $30.9 million. The redeemed securities are referred to by Vulcan as its 2026 Notes.
Vulcan said that, as of September 30, 2026, it had $16.9 million in cash and digital assets based on preliminary unaudited balances. That figure reflects the effect of the 2026 Notes redemption and approximately $1.4 million of remaining expenses associated with previously announced PIPE transactions.
Jordan Kovler, Vulcan’s Chief Executive Officer, described completion of the redemption as an important milestone tied to an objective of the recently completed strategic investment. He said the removal of the debt strengthens the company’s capital structure and enables continued focus on its power and artificial intelligence and high-performance computing infrastructure opportunities.
Vulcan Infrastructure and Power describes itself as a power and infrastructure platform focused on acquiring, developing and operating energized sites serving artificial intelligence and high-performance computing data centres, along with local electricity grids.
The cash and digital asset figure and other financial information provided by Vulcan are preliminary and unaudited. The information remains subject to completion of the company’s quarter-end closing and review procedures, and actual results and balances as of, and following, the redemption date may differ materially from the preliminary amounts.
Vulcan said its independent registered public accounting firm has not audited, reviewed, compiled or performed procedures on the preliminary financial information and has not provided an opinion or other form of assurance on it. The information is not a comprehensive statement of the company’s financial condition as of September 30, 2026 and is not a substitute for the interim financial statements expected to be included in Vulcan’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026.
Vulcan completed the redemption of all outstanding 8.50% Senior Notes due 2026.
The remaining $30,345,200 principal amount was redeemed at 100% of principal, plus approximately $523,000 in accrued and unpaid interest through October 12, 2026.
The aggregate payment connected with the redemption was approximately $30.9 million.
Vulcan reported $16.9 million in cash and digital assets as of September 30, 2026, based on preliminary unaudited balances.
The financial information remains subject to quarter-end closing and review procedures, and further terms apply to the transaction and related disclosures.
Vulcan Infrastructure and Power Inc. announced on October 13, 2026 that it had completed the previously announced redemption of all outstanding 8.50% Senior Notes due 2026. The redeemed notes are referred to as the 2026 Notes.
Vulcan Infrastructure and Power Inc. redeemed the remaining outstanding $30,345,200 aggregate principal amount of its 2026 Notes. The redemption price was equal to 100% of the principal amount, plus approximately $523,000 of accrued and unpaid interest through October 12, 2026.
The aggregate amount paid by Vulcan Infrastructure and Power Inc. in connection with the redemption was approximately $30.9 million. This includes the principal redemption and accrued and unpaid interest described by the company.
Vulcan Infrastructure and Power Inc. reported $16.9 million in cash and digital assets as of September 30, 2026, based on preliminary unaudited balances. This figure was stated after giving effect to the 2026 Notes redemption and approximately $1.4 million of remaining expenses related to the previously announced PIPE transactions.
Jordan Kovler, Chief Executive Officer of Vulcan Infrastructure and Power Inc., said completing the redemption was an important milestone and reflected the execution of a key objective associated with the recently completed strategic investment. He said eliminating the debt strengthens the company's capital structure and allows focus on advancing its power and AI/HPC infrastructure opportunities.
Vulcan Infrastructure and Power Inc. is a power and infrastructure platform focused on acquiring, developing and operating energized sites that support artificial intelligence and high-performance computing data centres, as well as local electricity grids.
Vulcan Infrastructure and Power Inc. identifies itself as listed on Nasdaq under the ticker symbol VIP, written in the announcement as “Nasdaq:VIP”. Its company description also presents the listing as “Nasdaq: VIP”.
The preliminary financial information includes the company's cash and digital asset balance as of September 30, 2026 and relates to the quarter ended September 30, 2026. The company said the information remains subject to completion of its quarter-end closing and review procedures.
Vulcan Infrastructure and Power Inc.'s reported balance is preliminary and unaudited, and actual results and balances as of, and following, the redemption date may differ materially from those preliminary amounts. The company's independent registered public accounting firm has not audited, reviewed, compiled or performed procedures on the preliminary financial information and has not expressed assurance on it.
Vulcan Infrastructure and Power Inc. said its interim financial statements for the quarter ended September 30, 2026 will be included in its Quarterly Report on Form 10-Q. The company said the preliminary information in the release is not a comprehensive statement of its financial condition as of September 30, 2026 and should not be viewed as a substitute for those interim financial statements.