Microstrategy plans to raise $750 million through common stock sale
On November 30th, Microstrategy, Inc. (NASDAQ code: MSTR) announced that, according to a sales agreement signed with Cowen and Company, LLC, Canaccord Genuity LLC, and BTIG, LLC (collectively referred to as "agents") on November 30th, 2023, the company plans to raise up to $750 million by selling Class A common stock. The face value of these Class A common stocks is $0.001 per share and will be traded on the Nasdaq Global Select Market under the trading code "MSTR".
As of November 28th, 2023, the last trading price of Microstrategy Class A common stock on the Nasdaq Global Select Market was $505.87 per share. According to the supplemental prospectus, the sale of these common stocks may be conducted at market prices and in any manner permitted by law, and may be deemed a "sale on the market" (as defined in Section 415(a)(4) of the Securities Act of 1933, as amended).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Warren Buffett’s Crypto Gift from Justin Sun Surges 1,000% in Value by 2024
![](https://img.bitgetimg.com/multiLang/image/social/d7215344ad2c6159afe786d833a13f3a1725746405107.jpg)
Roblox will allow devs to skip Robux and charge players in fiat money
VanEck’s Matthew Sigel Defends Ethereum’s Strong Utility Despite Bearish Market
![](https://img.bitgetimg.com/multiLang/image/social/e201343e99422f1587dcca6032544c281725741543205.jpg)
How Solana is Surpassing Ethereum in Blockchain Performance
![](https://img.bitgetimg.com/multiLang/image/social/19c85f4faba5949f3815555cb0a7c7711725741542820.jpg)