Procore Technologies dips after unveiling convertible offering for acquisition
PCOR•Shares ease after financing plan
** Construction management software firm Procore Technologies PCOR.N shares down 0.5% to $54.50 premarket on Mon as it looks to raise capital for an acquisition
** Carpinteria, California-based PCOR offering privately $750 mln convertible bonds due 2031
** Co intends to use net offering proceeds to fund acquisition of DroneDeploy
** It also plans to use some proceeds to pay cost of capped call transactions and repurchase shares to offset potential dilution, and for other general purposes
