Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Strategy Inc terminated Prior Sales Agreement with Cowen and Company, LLC and BTIG, LLC valued at $500.0 million (effective 2023-05-01).
- Action
- termination
- Agreement
- atm program
- Counterparty
- Cowen and Company, LLC and BTIG, LLC
- Value
- $500.0 million
- Effective
- 2023-05-01
Exact text from the filing
As previously disclosed, on September 9, 2022, the Company entered into a Sales Agreement (the “Prior Sales Agreement”) with Cowen and Company, LLC and BTIG, LLC, as sales agents (the “Prior Agents”), pursuant to which the Company could issue and sell shares of its Common Stock, having an aggregate offering price of up to $500.0 million (the “Prior ATM Shares”) from time to time through the Prior Agents (the “Prior Offering”). On April 26, 2023, the Company notified the Prior Agents of its decision to terminate the Prior Sales Agreement, effective immediately prior to entry into the new Sales Agreement on May 1, 2023.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Strategy Inc entered into Sales Agreement with Cowen and Company, LLC and Canaccord Genuity LLC valued at $625,000,000 (effective 2023-05-01).
- Action
- entry
- Agreement
- atm program
- Counterparty
- Cowen and Company, LLC and Canaccord Genuity LLC
- Value
- $625,000,000
- Effective
- 2023-05-01
Exact text from the filing
On May 1, 2023, MicroStrategy Incorporated (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Cowen and Company, LLC and Canaccord Genuity LLC, as sales agents (the “Agents”), pursuant to which the Company may issue and sell shares of its class A common stock, $0.001 par value per share (“Common Stock”), having an aggregate offering price of up to $625,000,000
View on SEC.gov