MicroStrategy to Target a Capital Raise of up to $2B of Preferred Stock
$MicroStrategy$ said on Friday that it is targeting a capital raise of up to $2 billion through one or more public underwritten offerings of perpetual preferred stock, which will be senior to its class A common stock.The perpetual preferred stock may include features such as convertibility to its class A common stock, payment of cash dividends, and provisions allowing for redemptions of shares, among other features.The number of depositary shares representing an interest in the perpetual pref
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