Key Highlights

  • Bending Spoons announced a proposed offering of about $1.5bn of senior secured notes due 2032, split between US dollar and euro notes.
  • The company completed its all-cash Acquisition of Miro, which it says serves more than 100 million users and 250,000 organisations.
  • Revenue for the quarter ended 30 June 2026 was $704.2m, up 126% from $311.1m a year earlier.

A fresh Debt offering

On 27 October 2026 Bending Spoons S.p.A. (NASDAQ:BSP), the Italian digital-products company, announced a proposed offering of about $1.5bn of senior secured notes due 2032, made up of $1.0bn of US dollar notes and about $500m equivalent of euro notes. The dollar notes would be issued by Bending Spoons US Inc. and the euro notes by Bending Spoons Operations S.p.A., both indirect wholly owned subsidiaries. The parent, Bending Spoons S.p.A., will neither issue nor guarantee them.

The company said proceeds would fund future acquisitions, offering costs and general corporate purposes. Pricing terms had not been set, and the release said the offering may not be completed on the stated terms or at all. It did not link the notes to the Miro purchase or to repayment of existing debt.

The Miro acquisition

Bending Spoons also announced completion of its acquisition of Miro, the visual collaboration platform that it says serves more than 100 million users and 250,000 organisations. The deal was all cash for 100% of Miro's shares. The release did not disclose the price.

Certain former Miro shareholders reinvested about $295m of their proceeds in roughly 6.2 million newly issued Bending Spoons shares through a private placement. That figure is only indicative. The company's 13 August outlook excluded Miro, and it expects to include Miro in its outlook when it next reports.

Financial profile

Revenue for the quarter ended 30 June 2026 was $704.2m, up 126% from $311.1m a year earlier, and Net Income was $177.0m, or $0.28 per share. The first quarter of 2026 showed Revenue of $601.3m and net income of $27.5m.

The rapid growth reflects acquisitions, which is the company's stated Business model: it acquires and transforms digital businesses, with a portfolio including AOL and Brightcove. The new notes would add to the company's debt if the offering is completed.

Berkshire Hathaway investment

Berkshire Hathaway bought a further $330m of shares on 14 October 2026 in a private Placement of 10 million ordinary shares at $33, taking its total Investment to $930m and its stake to about 4%. Its earlier $600m investment was made at the company's July 2026 initial public offering.

What to watch

Points to watch include whether the notes price and on what terms, how Miro is incorporated into the company's outlook, Leverage after the offering, and the next results. Management's ability to integrate large acquisitions, and to service debt from the cash flows of the businesses it buys, will remain central to how the company is assessed.