News list for " preference shares"
Strategy (formerly MicroStrategy) announced at its fourth-quarter earnings report released on February 6 that its convertible preference share STRK will be listed on NASDAQ this Thursday. According to the financial report, the company lost $3.03 per share in the fourth quarter, due to the impairment loss of $1 billion due to the non-adoption of FASB accounting standards. The company said that it will start to adopt the new standards this quarter. In the newly set performance indicators, Strategy...
MicroStrategy announced an increase in the size of its preference share STRK fundraising from $250 million to $564 million. MicroStrategy estimates that the net proceeds from the offering will be approximately $564 million after deducting underwriting discounts and commissions and MicroStrategy's estimated offering costs. MicroStrategy intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin and Working Funds.
MicroStrategy plans to issue $2 billion of perpetual preference shares to raise funds. At present, the specific terms of the issuance have not been announced, and it is expected to be announced in Quarter 1 this year. Nonetheless, investment agency Benchmark remains optimistic about the development prospects of MicroStrategy, maintaining a "buy" rating and predicting that its share price is expected to reach $650. As of Monday, MicroStrategy had purchased an additional 2,530 BTC, bringing its to...
