Strategy Launches Maximum $44.1 Billion ATM Offering Program, Adds Three Sales Agents

robot
Abstract generation in progress

Mars Finance reports that Strategy filed an 8-K with the SEC, disclosing that on March 23, Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial were added as authorized sales agents. On the same day, three new ATM offering plans were launched: Class A common stock (ticker: MSTR) with a maximum issuance of $21 billion; variable rate perpetual preferred stock STRC with a maximum issuance of $21 billion; and 8% perpetual preferred stock STRK with a maximum issuance of $2.1 billion. Meanwhile, the company increased the authorized shares of STRC preferred stock from 70,435,353 to 282,556,565 shares, and decreased the authorized shares of STRK preferred stock from 269,800,000 to 40,270,744 shares. The original STRK preferred stock issuance plan was terminated on March 22.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin