Skip to content
All about finance. — All about business. — All about investing.

Strategy advised by WilmerHale in $4.2 billion At-the-Market Variable Rate Preferred Stock Issue

Law firm WilmerHale counseled Strategy in the creation of a $4.2 billion equity plan, which involves the distribution of STRC shares, financing of bitcoin acquisitions, working capital, and dividends for preferred stock.

,   and  Administrator
2 min read
Advising on Strategic Approach for $4.2 Billion Variable Rate Preferred Stock Issue through...
Advising on Strategic Approach for $4.2 Billion Variable Rate Preferred Stock Issue through At-the-Market Offering, as Outlined by WilmerHale

Strategy advised by WilmerHale in $4.2 billion At-the-Market Variable Rate Preferred Stock Issue

MicroStrategy Incorporated, also known as Strategy, has announced the establishment of an at-the-market equity offering program. This program allows the company to issue and sell shares of its Variable Rate Series A Perpetual Stretch Preferred Stock (Nasdaq: STRC).

The world's first and largest Bitcoin Treasury Company aims to use the net proceeds from this program for general corporate purposes, including the acquisition of bitcoin, working capital, and the payment of cash dividends. The funds may also be used for the payment of cash dividends on its shares of preferred stock, other than STRC.

Sales under the program will be administered by sales agents under a sales agreement dated July 31, 2025. The aggregate offering price for the shares under this program is up to $4.2 billion.

The legal team involved in MicroStrategy Incorporated's new at-the-market equity offering program is from the law firm WilmerHale. The WilmerHale legal team includes Tom Ward, Molly Fox, David Strong, Bill Caporizzo, Jeffries Oliver-Li, Hilary Baker-Jennings, Ben Kelsey, Rachael Joseph, Connor McRory, and Emma Schlager.

MicroStrategy's executive team consists of key personnel such as Jeffries Oliver-Li, Hilary Baker-Jennings, Rachael Joseph, Emma Schlager, Tom Ward, Connor McRory, and Bill Caporizzo. The team is committed to driving the company's growth and strategic initiatives.

Investors should note that this announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

[1] WilmerHale Legal Team: https://www.wilmerhale.com/teammembers/tom-ward [2] MicroStrategy Incorporated: https://www.microstrategy.com/

  1. The WilmerHale legal team, which includes Tom Ward, Molly Fox, David Strong, Bill Caporizzo, Jeffries Oliver-Li, Hilary Baker-Jennings, Ben Kelsey, Rachael Joseph, Connor McRory, and Emma Schlager, is responsible for the administration of MicroStrategy Incorporated's at-the-market equity offering program.
  2. MicroStrategy's executive team, comprising key personnel such as Jeffries Oliver-Li, Hilary Baker-Jennings, Rachael Joseph, Emma Schlager, Tom Ward, Connor McRory, and Bill Caporizzo, is focused on driving the company's growth and strategic initiatives, which may involve investing in business opportunities and finance-related activities such as acquiring bitcoin.

Read also:

    Related

    Latest