Meta plans to issue stocks to raise $35 billion, with Nvidia, AMD, and others interested in subscribing to up to $5 billion.

Odaily Planet Daily News: Meta Platforms (META.O) plans to raise approximately $35 billion through two concurrent underwritten public offerings, including about $22.5 billion from the issuance of Class A common shares and around $12.5 billion from the issuance of Series A mandatory convertible preferred shares. According to reports, Meta's common share offering will be conducted via forward sale agreements, while the preferred share offering involves depositary receipts representing Series A mandatory convertible preferred shares. Information indicates that Meta intends to issue up to 250 million Series A depositary shares. Additionally, Nvidia, AMD, and Broadcom are all interested in purchasing up to $5 billion worth of Meta stock. (Jinshi)