TechFlow reports that on January 31, MicroStrategy announced the pricing of its 8.00% Series A perpetual preferred stock (STRK). The company plans to issue 7.3 million shares of perpetual preferred stock at a public offering price of $80.00 per share, expecting net proceeds of approximately $563.4 million after deducting underwriting discounts, commissions, and estimated offering expenses.
The company stated it intends to use the proceeds for general corporate purposes and working capital, including the purchase of bitcoin.
The offering is jointly underwritten by institutions including Barclays and Moelis & Company, with settlement expected on February 5, 2025.
Add to Favorites
Share to Social Media
