SoFi Technologies Inc ( SOFI ) shares are trading lower Tuesday after the company announced a proposed convertible senior notes offering.

What Happened: SoFi announced that it intends to offer $750 million worth of convertible senior notes due 2029 in a private offering to qualified institutional buyers. The company also plans to grant the initial purchasers a 13-day window to purchase up to an additional $112.5 million of the notes.

SoFi said it intends to use a portion of the net proceeds from the offering to fund the cost of entering into capped call transactions. The company expects to use the remainder of the proceeds together with cash on hand to pay fees, costs and expenses related to this offering and to redeem its 12.5% Series 1 Preferred Stock, as well as for general corporate purposes, which may include repayment of higher cost indebtedness. 

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How To Buy SOFI Stock

By now you're likely curious about how to participate in the market for SoFi – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the case of SoFi, which is trading at $7.78 as of publishing time, $100 would buy you 12.85 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

SOFI Price Action: SoFi shares were down 7.23% at $7.96 at the time of publication, according to Benzinga Pro.