Strategy Launches Maximum $44.1 Billion ATM Offering Program, Adds Three Sales Agents

GateNews

Gate News reports that on March 23, Strategy filed an 8-K with the U.S. Securities and Exchange Commission (SEC), announcing the addition of Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial as authorized selling agents. Simultaneously, three new ATM offering plans were launched: Class A common stock (ticker: MSTR) with a maximum issuance of $21 billion, variable rate perpetual preferred stock STRC with a maximum issuance of $21 billion, and 8% perpetual preferred stock STRK with a maximum issuance of $2.1 billion. At the same time, the company increased the authorized shares of STRC preferred stock from 70,435,353 to 282,556,565 shares, and decreased the authorized shares of STRK preferred stock from 269,800,000 to 40,270,744 shares. The original STRK preferred stock issuance plan was terminated on March 22.

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