Meta Plans to Issue Shares to Raise $35 Billion, With NVIDIA, AMD and Others Interested in Subscribing for Up to $5 Billion

TechFlow reported that on October 26, Meta Platforms(META.O) plans to raise approximately $35 billion through two simultaneous underwritten public offerings, including approximately $22.5 billion in Class A common stock and approximately $12.5 billion in Series A mandatory convertible preferred stock. According to reports, the common stock offering will be conducted through forward sale agreements, while the preferred stock offering involves depositary shares representing the Series A mandatory convertible preferred stock. Relevant information indicates that Meta intends to issue up to 250 million Series A depositary shares. Additionally, NVIDIA, AMD, and Broadcom have each expressed interest in purchasing up to $5 billion in Meta stock. (Jinshi)