8-K
filed June 5, 2026, 4:52 PM ET
ticker GOOGL
CIK 0001652044
other material
confidence high
sentiment neutral
materiality 0.75
Alphabet Raises ~$19.25B via Series A & B Mandatory Convertible Preferred Offerings
Alphabet Inc.
- Issued 167.5M Series A and 167.5M Series B depositary shares, each representing 1/20th of a 6.25% mandatory convertible preferred share, at $50 per depositary share on June 5, 2026.
- Underwriters exercised full over-allotment options for additional 25M depositary shares of each series, raising total proceeds to approximately $19.25B.
- Preferred shares automatically convert into Class A (GOOGL) or Class C (GOOG) stock on May 15, 2029, with conversion ratios ranging from 0.1126 to 0.1421 per depositary share.
- Alphabet entered into capped call transactions with underwriters (Goldman Sachs, J.P. Morgan, Morgan Stanley) to reduce potential dilution upon conversion.
- Dividends on preferred stock accrue at 6.25% per annum, payable quarterly starting August 15, 2026; payment restricts dividends on common stock unless preferred dividends are paid.
Key facts
Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Alphabet Inc. issued 167,500,000 series B depositary shares of preferred stock.
- Security
- preferred stock
- Shares
- 167,500,000 series B depositary shares
Exact text from the filing
On June 4, 2026, the Company filed the Certificates of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the respective series of Preferred Stock.
View on SEC.gov
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Alphabet Inc. issued 167,500,000 series A depositary shares of preferred stock.
- Security
- preferred stock
- Shares
- 167,500,000 series A depositary shares
Exact text from the filing
On June 4, 2026, the Company filed the Certificates of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the respective series of Preferred Stock.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Alphabet Inc.: Filing of Certificates of Designations establishing Series A and Series B Preferred Stock preferences, limitations and relative rights (effective 2026-06-04).
- Change
- charter amendment
- Effective
- 2026-06-04
Exact text from the filing
On June 4, 2026, the Company filed the Certificates of Designations with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the respective series of Preferred Stock.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Alphabet Inc. entered into Underwriting Agreement with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC as the representatives of the respective underwriters (effective 2026-06-02).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC as the representatives of the respective underwriters
- Effective
- 2026-06-02
Exact text from the filing
On June 2, 2026, Alphabet Inc. (“Alphabet” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Morgan Stanley & Co. LLC as the representatives of the respective underwriters under such agreement
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Alphabet Inc. entered into Capped Call Transactions with one or more of the underwriters or their respective affiliates and/or other financial institutions (the “Option Counterparties”) (effective 2026-06-02).
- Action
- entry
- Counterparty
- one or more of the underwriters or their respective affiliates and/or other financial institutions (the “Option Counterparties”)
- Effective
- 2026-06-02
Exact text from the filing
On June 2, 2026, in connection with the pricing of the respective Depositary Shares Offerings, and on June 3, 2026 in connection with the Underwriters’ exercise of the over-allotment options to purchase additional Depositary Shares, Alphabet entered into privately negotiated capped call transactions (the “Capped Call Transactions”) with one or more of the underwriters or their respective affiliates and/or other financial institutions (the “Option Counterparties”).
View on SEC.gov
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