NASDAQ:LYFT

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Lyft raises $500M through convertible notes offering

Lyft (NASDAQ: LYFT) announced it has raised $500 million through the issuance of 0% Convertible Senior Notes due 2030. The deal included a $450 million base issuance and an additional $50 million after underwriters exercised their option in full.

The notes, issued under an indenture with U.S. Bank Trust Company, are senior unsecured obligations, maturing on September 15, 2030. They carry no regular interest but are convertible into Lyft Class A common stock at an initial conversion price of $23.52 per share (42.517 shares per $1,000 note).

Lyft also entered into capped call transactions with a $33.60 per share cap to mitigate dilution. Net proceeds of $487.7 million were partly used to fund capped calls ($42M) and repurchase 5.7 million shares of Class A stock ($95.7M). Remaining funds will go toward potential future buybacks, working capital, and strategic investments.
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Author
The Investor 09-07-25

5 US Growth Stocks That Can Propel Your Portfolio to New Heights - The Smart Investor

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(thesmartinvestor.com.sg)
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Author
Global Finance News 06-03-25
Lyft acquires FREENOW to expand into European market

Lyft (Nasdaq: LYFT) announced a definitive agreement to acquire FREENOW, a leading European multi-mobility platform known for its taxi-first approach, from BMW Group and Mercedes-Benz Mobility for approximately €175 million ($197 million) in cash. The deal is expected to close in the second half of 2025.

FREENOW operates across nine European countries and over 150 cities, including Dublin, London, Berlin, and Madrid. It will continue to operate independently post-acquisition, retaining its leadership and staff. This acquisition marks Lyft’s most significant international expansion, extending its presence to 11 countries and nearly doubling its total addressable market to over 300 billion personal vehicle trips annually.

Strategic highlights:
- Adds €1 billion in annualized gross bookings
- Strengthens Lyft’s position in the European taxi market, where about half of taxi bookings are still made offline
- Expands rider base to over 50 million annual riders
- FREENOW will continue to focus on taxi services, which made up 90% of its gross bookings in 2024
- Enhances global capabilities with cross-platform features planned across both apps

Leadership statements:
David Risher, Lyft CEO, emphasized the customer-first and local approach shared by both companies.

Thomas Zimmermann, FREENOW CEO, described the merger as a powerful step for growth and innovation while affirming support for taxi fleets and drivers.

The acquisition supports Lyft’s broader strategy of diversifying revenue and expanding international footprint, following a record year in 2024 with strong financial results.

Lyft will provide further details in its Q1 2025 earnings call in May, and a presentation is available at investor.lyft.com.
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Author
WS News 04-17-25
Lyft, Inc. has announced that Lisa Blackwood-Kapral, the company's Chief Accounting Officer (CAO), will be departing effective March 6, 2025. The company clarified that her departure is not due to any dispute or disagreement with Lyft’s management, board of directors, or operational policies.

Following her departure, Erin Brewer, the current Chief Financial Officer (CFO), will take on the additional role of interim CAO and principal accounting officer while continuing her responsibilities as CFO and principal financial officer.

This leadership transition marks an internal shift in Lyft’s financial management team, but no further details were provided regarding a permanent replacement for the CAO position.
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Author
European Investor 03-04-25
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