BREAKING: Oracle closes sale of 100M depositary shares tied to new 6.50% Series D Mandatory Convertible…
Filed with the SEC on · Summarized by InvestorsBot
BREAKING: Oracle closes sale of 100M depositary shares tied to new 6.50% Series D Mandatory Convertible Preferred — implied ~ $5.0B raise. 🚨💰 $ORCL #BREAKING #ORCL #Convertible #CapitalRaise
ALERT: What this means — Oracle raised ~ $5B at 6.50% via mandatory-convertible preferred. Lowers near-term cash cost but creates meaningful future dilution risk to $ORCL common upon conversion. ⚠️📈 #Dilution #Finance #Stocks #ORCL
Confirmed: Each depositary share = 1/2,000th of a preferred; 100M depositary shares = 50,000 Series D preferred with $100,000 liquidation preference each (aggregate ≈ $5B). Led by BofA, Citi, DB, GS, HSBC, JPM. 📄🔍 $ORCL #SEC #8K #Underwriters
Note: Certificate of Designations filed/effective; Deposit Agreement with Equiniti in place; prospectus supplement dated Feb 2 filed and legal opinion being filed as Exhibit 5.1 — check 8‑K for conversion terms/next steps. ✅📝 $ORCL #CorporateAction #FinTwit #SEC