March 19, 2025
$100 Per Share
Dividends will be paid quarterly, with compounded dividends escalating to 18% annually if payments are delayed. Strategy can redeem shares if fewer than 25% of the original stock remains or due to certain tax events, with the redemption price based on liquidation preference and unpaid dividends.
Source: X (@Strategy)
The liquidation preference is initially set at $100 per share, adjusted daily based on trading prices. Moreover, in case of a fundamental change, shareholders can request repurchases at set prices including accumulated dividends.
Not Selling Securities
The offering will be led by Morgan Stanley, Barclays, Citigroup, and Moelis & Company, under an SEC-registered offering.
It’s worth mentioning that the announcement is not an offer to sell securities. The prospectus is available via the SEC website or the underwriters.
