secwatch.observer — SEC 8-K summary
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Issuer:     ORACLE CORP (ORCL)
CIK:        0001341439
Form:       8-K
Filed at:   2026-02-05T23:59:59+00:00
Accession:  0001193125-26-039344
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oracle issues 100M depositary shares of 6.50% Series D Mandatory Convertible Preferred Stock
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- Total liquidation preference approximately $5B: $100,000 per preferred share, each depositary share representing 1/2000th interest.
- Mandatory conversion into common stock by Jan 2029 at a rate between 499.8 and 624.8 common shares per preferred share.
- Cumulative dividend at 6.50% annual rate, payable quarterly beginning April 15, 2026; may be paid in cash or common stock.
- If preferred dividends are unpaid, Oracle cannot declare common dividends or repurchase common stock or junior stock.
- Offering closed February 5, 2026; underwriters include BofA, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, J.P. Morgan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341439/000119312526039344/0001193125-26-039344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341439/000119312526039344/d63638d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-039344

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