MSTR Enters into material agreement
Summary
On November 4, 2025, Strategy Inc consolidated its existing at-the-market (ATM) offering programs to enhance efficiency in administration and potential future launches. The Company entered into an Omnibus Sales Agreement with multiple sales agents, including TD Securities (USA) LLC and Barclays Capital Inc., to issue and sell various shares. These shares include 10.00% Series A Perpetual Strife Preferred Stock, Variable Rate Series A Perpetual Stretch Preferred Stock, 8.00% Series A Perpetual Strike Preferred Stock, 10.00% Series A Perpetual Stride Preferred Stock, Class A Common Stock, and other preferred stock series. This new agreement replaces prior sales agreements.
Why It Matters
The entry into the Omnibus Sales Agreement and consolidation of ATM programs on November 4, 2025, is material as it streamlines Strategy Inc's capital raising capabilities. Notably, Exhibit 5.2 indicates the potential sale of up to $20,340,632,356.64 of 8.00% Series A Perpetual Strike Preferred Stock, providing significant financial flexibility.
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Key Quote
“8.00% series A perpetual strike preferred stock, $0.001 par value per share ("STRK Stock");.”
— From Item 8.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0001050446
- Filing Date
- Tuesday, November 4, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral