Strategy has officially priced its initial public offering (IPO) of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock at $90 each, aiming to generate approximately $2.474 billion in net proceeds. Capital from this offering will be used for general corporate purposes, including Bitcoin acquisition and working capital. The STRC Stock features a variable monthly dividend beginning at 9.00%. Shareholders have rights to redemption and may require repurchase at $100 per share in certain changes, providing layers of security and flexibility.
Strategy, the world's largest corporate holder of Bitcoin, has priced its initial public offering of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock) at $90 per share. The offering is expected to generate approximately $2.474 billion in net proceeds, with settlement scheduled for July 29, 2025.
The STRC Stock offers a variable monthly dividend, beginning at an initial annualized rate of 9.00%, payable in cash and subject to monthly adjustment. The company intends to maintain STRC Stock's trading price at or close to its stated amount of $100 per share.
In the event of a "fundamental change," STRC shareholders may require the company to repurchase their stock at $100 per share plus accumulated dividends. This adds a layer of security for investors.
The liquidation preference starts at $100 per share and will adjust daily to reflect the highest of three values: the stated amount, recent market prices, or the 10-day average, providing further value for shareholders.
Collection
[
|
...
]