** Data center REIT Fermi's FRMI.O shares down 15.8% premarket on Fri to one-month low $6.16 after securing capital raise

** Amarillo, Texas-based FRMI late Thurs announced pricing private offering of $375 mln 5% convertible bonds due 2031

** Offering size increased from $350 mln; initial conversion price of $9.52 is 30% premium to stock's last close

** Co intends to use bulk of net proceeds for general corp purposes, and about $30 mln to fund capped call transactions to offset potential dilution

** Through Thurs, FRMI's stock shed 20% this month giving it about $4.7 bln market cap. Stock off 65% from its Sept IPO price of $21

** Its stock plunged in Dec after a prospective tenant terminated a deal to help fund construction at its Texas site, and fell sharply in Apr after departures of CEO and co-founder Toby Neugebauer as well as CFO Miles Everson

** 8 of 10 analysts rate the stock "strong buy" or "buy", 2 "hold"; median PT $17.50, per LSEG data