Meta Prices 250M Depositary Shares At $50 Of 6.50% Series A Mandatory Convertible Preferred And 40M Class A Shares At $625 Under Forward Sale Agreements; Common Offering Upsized To $25B From $22.5B
The net proceeds from the Depositary Shares Offering will be approximately $12.5 billion (or approximately $14.3 billion if the underwriters exercise in full their over-allotment option to purchase additional Depositary
Meta is raising about $12.5 billion by selling special shares to investors. This shows the company wants cash for future plans or to strengthen its balance sheet.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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