Tag

Equity Offering

All articles tagged with #equity offering

business4 days ago•5 min saved

Rivian taps market for $1.5B to fund R2 ramp

Rivian announced an underwritten public offering of 75 million shares to raise about $1.5 billion (potentially ~$1.7B if underwriters exercise their option for up to 11.25 million additional shares), following a strong Q2 delivery beat and raised full-year guidance. The deal would dilute existing shareholders by roughly 6%. Proceeds are intended to fund the R2 ramp and related DOE loan equity obligations, giving Rivian more runway to scale production.

via Electrek|

#business #dilution #equity-offering

business4 days ago•18 min saved

Rivian slides after announcing 75M-share offering and Q2 revenue preview

Rivian (RIVN) stock fell after the company announced a 75 million-share offering of Class A common stock, with underwriters able to buy up to 11.25 million additional shares, potentially raising about $1.5 billion (up to roughly $1.7 billion with the overallotment). Proceeds will be used for general corporate purposes including equity contributions tied to its DOE loan for the Georgia manufacturing plant. The company also preannounced Q2 revenue of about $1.55–$1.65 billion, up from $1.30 billion a year earlier, driven by higher deliveries but offset by lower average selling prices due to a higher mix of commercial vans; cash, cash equivalents, and short-term investments were around $5.3 billion as of June 30. Rivian reported Q2 production of 12,613 vehicles and deliveries of 12,194, and lifted full-year 2026 delivery guidance to 65,000–70,000 vehicles; full Q2 results are due after the bell on July 30.

via Yahoo Finance UK|

#business #electric-vehicles #equity-offering

business1 month ago•12 min saved

SMCI Recovers After 28% Drop as Traders Question $39B Backlog

Super Micro Computer (SMCI) rebounded in after-hours trading after a 28% regular-session drop tied to a $7 billion equity offering intended to fund about $39 billion of new AI server orders from around 20 customers. Retail traders on StockTwits debated whether the orders are credible and whether dilution could hurt shareholders, a concern heightened by a March indictment of a co-founder. Despite the rebound, the stock remains down for 2026 amid broader market jitters and other headlines such as the SpaceX IPO backdrop.

via Yahoo Finance|

#business #equity-offering #orders

business1 month ago•12 min saved

Supermicro to raise up to $7B through equity offerings to back AI orders

Super Micro Computer priced concurrent equity and equity-linked financings totaling up to $7.0 billion (including an ATM program), issuing 45.45 million common shares at $27.50 and 75 million depositary shares representing 1/20 of a 7.0% series A mandatory convertible preferred stock; net proceeds are about $4.9 billion ($1.22B from common stock and $3.68B from depositary shares) with an additional ATM up to $1.25B, to fund roughly $39 billion of AI server orders and other corporate needs. Closings are expected in mid-June 2026, and Nasdaq listings for the depositary shares will trade under SMCIP.

via Supermicro|

#ai #business #corporate-news

business1 month ago•10 min saved

Meta mulls multibillion-dollar equity raise to back AI infrastructure

Meta Platforms is weighing a multibillion-dollar equity offering to fund its AI infrastructure, per the Financial Times. The discussions have intensified after Alphabet’s upsized equity raise, though Meta has not decided and could still explore other financing options. The move signals a broader tech shift toward funding AI investments via debt and equity rather than cash; Meta has previously tapped debt markets with a bond offering up to $30 billion and raised its annual capex forecast to about $125–$145 billion, with shares slipping around 6% on the FT report.

via Yahoo Finance|

#ai #business #equity-offering

business5 months ago•13 min saved

Joby Aviation slides on plan to raise $1B with convertibles and stock offering

Joby Aviation announced a roughly $1 billion capital raise consisting of convertible senior notes due 2032 and a concurrent equity offering, with notes potentially converting at up to a 30% premium and stock shares priced at a discount to the current price. The move triggered a premarket stock decline as the company aims to fund its production-expansion plan to double output by 2027; cash on hand was $978.1 million at the end of Q3.

via Sherwood News|

#business #capital-raise #convertible-notes

business1 year ago•13 min saved

GameStop Reports Q3 2024 Financial Results

GameStop Corp. reported its financial results for the third quarter of 2024, showing net sales of $860 million, a decrease from $1.078 billion in the same period last year. Despite the drop in sales, the company achieved a net income of $17.4 million, compared to a net loss of $3.1 million in the previous year. GameStop completed an equity offering, raising $400 million, and ended the quarter with $4.616 billion in cash and marketable securities. The company also highlighted its use of non-GAAP financial measures to provide additional insights into its performance.

via Investor Relations | Gamestop Corp.|

#business #equity-offering #financial-results

finance1 year ago•6 min saved

MicroStrategy's $2B Bitcoin Acquisition Marks Record-Breaking Investment

MicroStrategy, known for its significant Bitcoin investments, plans a $42 billion fundraising through an at-the-market (ATM) equity offering and new debt securities to purchase more Bitcoin. This move, reminiscent of its past excesses during the dotcom bubble, aims to capitalize on Bitcoin's resurgence, despite potential risks if Bitcoin's value declines. The strategy involves leveraging its stock's premium to Bitcoin holdings and issuing convertible bonds, betting on Bitcoin's appreciation. CEO Michael Saylor's bold Bitcoin predictions further highlight the company's commitment to this strategy.

via Financial Times|

#bitcoin #convertible-bonds #equity-offering

finance2 years ago•1 min saved

GameStop Shares Surge 30% After $933 Million Stock Sale

GameStop's stock surged 25% after the company raised nearly $1 billion through an equity offering, capitalizing on the meme stock frenzy. The move, seen as strategic by some analysts, comes amid the retailer's struggling financials and follows a similar stock sale by AMC Entertainment. The surge was also influenced by the reemergence of "Roaring Kitty," a key figure in the 2021 meme stock phenomenon.

via Yahoo Finance|

#equity-offering #finance #gamestop

technology2 years ago•1 min saved

Elon Musk's xAI Startup Seeks $1 Billion in Equity Funding

Elon Musk's artificial intelligence startup xAI has filed with the U.S. securities regulator to raise up to $1 billion in an equity offering. The company has already raised $134.7 million in equity financing. xAI aims to build a "maximally curious" AI and has launched a chatbot called "Grok" to rival OpenAI's ChatGPT. The startup will be integrated into Musk's social media platform X and will also be available as a standalone app. Fundraising for AI startups has been strong, but regulators are concerned about the potential misuse of the technology.

via Reuters|

#artificial-intelligence #elon-musk #equity-offering

technology2 years ago•2 min saved

Elon Musk's X.AI AI Startup Aims to Raise $1 Billion in Equity

Elon Musk's artificial intelligence startup, X.AI, has filed with the SEC to raise up to $1 billion in an equity offering. The company has already secured $135 million from four investors and has a binding agreement for the purchase of the remaining shares. X.AI recently released a chatbot called Grok, which aims to compete with other AI systems like OpenAI's ChatGPT and Google's Bard technology. X.AI is one of the many companies owned or led by Musk, who also heads Tesla, SpaceX, the Boring Company, and Neuralink.

via CNBC|

#artificial-intelligence #elon-musk #equity-offering

business3 years ago•2 min saved

Bed Bath & Beyond faces bankruptcy while meme traders rally behind struggling stock.

Bed Bath & Beyond is preparing to file for bankruptcy as early as this weekend due to distressed debt and plummeting stock prices. The company needs to generate $300 million from share sales by April 26 to avoid default, but with the stock closing at 46 cents on Wednesday, it faces an uphill battle to raise the necessary funds within the allotted time. The home-goods retailer's business has been declining, with preliminary results indicating a 40% to 50% drop in comparable-store sales for the quarter that ended on February 25. The company may get more time to raise capital from equity investors, but obtaining shareholder authorization to issue more equity is necessary and will be decided by a vote on May 9.

via New York Post |

#bankruptcy #bed-bath-and-beyond #business