Alphabet announces $84.75B equity capital raise; Berkshire Hathaway invests $10B

Alphabet Inc.

Total equity raise of $84.75B: $34.75B underwritten offerings (stock + mandatory convertible preferred), $10B Berkshire Hathaway private placement, and $40B ATM program.
Berkshire Hathaway invests $10B in Alphabet (Class A at $351.81/sh, Class C at $348.20/sh) via private placement.
Proceeds to fund AI infrastructure: 2026 capex guided at $180–$190B; 2027 capex expected to significantly increase.
Underwriters’ over-allotment options for stock and depositary shares exercised in full.
ATM program of up to $40B to start Q3 2026, primarily for managing tax obligations on employee equity vesting.

item 1.01 item 7.01 item 8.01 item 9.01

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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

Alphabet Inc. entered into Equity Distribution Agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC valued at up to $40 billion (effective 2026-06-01).

Action: entry
Agreement: atm program
Counterparty: Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC
Value: up to $40 billion
Effective: 2026-06-01

Exact text from the filing

On June 1, 2026, Alphabet Inc. (“Alphabet” or the “Company”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC (each, a “Manager” and collectively, the “Managers”), under which the Company may offer and sell, from time to time in its sole discretion, up to $40 billion of shares of Class A Common Stock and Class C Capital Stock (together, the “Shares”), through an “at-the-market” offering program (the “ATM Offering”).

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Source: SEC EDGAR

accession 0001193125-26-257724

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