secwatch / observer
8-K filed August 1, 2023, 7:59 PM ET ticker MSTR CIK 0001050446
other material confidence high sentiment neutral materiality 0.60

MicroStrategy launches $750M ATM equity offering, replaces prior $625M program

Strategy Inc

Key facts

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 entered into Sales Agreement with Cowen and Company, LLC, Canaccord Genuity LLC and Berenberg Capital Markets LLC valued at up to $750,000,000 (effective 2023-08-01).

Action
entry
Agreement
atm program
Counterparty
Cowen and Company, LLC, Canaccord Genuity LLC and Berenberg Capital Markets LLC
Value
up to $750,000,000
Effective
2023-08-01
Exact text from the filing
On August 1, 2023, MicroStrategy Incorporated (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Cowen and Company, LLC, Canaccord Genuity LLC and Berenberg Capital Markets 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 $750,000,000 (the “Shares”), from time to time through the Agents (the “Offering”).
View on SEC.gov
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 Canaccord Genuity LLC (effective 2023-08-01).

Action
termination
Agreement
atm program
Counterparty
Cowen and Company, LLC and Canaccord Genuity LLC
Effective
2023-08-01
Exact text from the filing
On August 1, 2023, the Company entered into a letter agreement with the Prior Agents, pursuant to which the parties agreed to terminate the Prior Sales Agreement, effective at 4:15 p.m. ET on August 1, 2023.
View on SEC.gov

38 material agreements filed in the last 30 days. Browse all material agreements →

Strategy Inc filing history →

Source: SEC EDGAR
accession 0001193125-23-200633
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