Meta Platforms, Inc. Depositary Shares representing a 1/20th Interest in a Share of Series A Mandatory Convertible Preferred Stock

Meta Announces Pricing of Offering of Depositary Shares Representing Series A Mandatory Convertible Preferred Stock and Offering of Class A Common Stock in Connection with Forward Sale Agreements

Meta priced a concurrent dual offering: $25.0 billion of Class A common stock (upsized from $22.5 billion) at $625.00 per share via forward sale agreements, plus 250 million depositary shares of 6.50% Series A mandatory convertible preferred stock at $50.00 each. Expected net proceeds total roughly $37.4 billion (~$24.9B common plus ~$12.5B preferred), or about $43 billion with over-allotments, earmarked for general corporate purposes; the forward sales settle at approximately $622.92 per share on or before November 19, 2027. Morgan Stanley and Goldman Sachs are lead bookrunners; the preferred shares carry a $1,000 liquidation preference and mandatorily convert into Class A (or proposed Class C) common stock by August 15, 2029, with depositary shares to list on Nasdaq as METAM.

•13d ago

Meta to Announce Third Quarter 2026 Results

Meta Platforms announced it will release third quarter 2026 financial results after market close on Wednesday, October 21, 2026. A conference call to discuss the results will be held at 1:30 p.m. PT / 4:30 p.m. ET the same day, with a live webcast and subsequent replay available on the Meta investor relations website. This is a scheduling notice only; it contains no financial figures or guidance.

•27d ago

What If the Next Generation of AI Data Centers Goes to the Energy Source?

This GlobeNewswire item is a paid AINewsWire (IBN) editorial profiling MAX Power Mining Corp.'s natural hydrogen program in Saskatchewan — it is not an Amazon disclosure, and AMZN appears only as ecosystem context. The piece frames AI data centers as a power-constraint story, citing IEA data that big-tech capital spending exceeded $400 billion in 2025 and is expected to rise another 75% in 2026, with Microsoft, Amazon, Alphabet and Meta planning more than $600 billion of combined AI spending in 2026. MAX Power's core claims are Canada's first natural hydrogen drilling discovery at Lawson, hydrogen concentrations up to 28.60% in sealed core samples and helium as high as 8.7%, a multi-well validation program stepping out 30 km to the Salt Wall, and a Kyndryl engagement to commercialize its MAXX LEMI exploration platform. The only Amazon-specific content is a blurb that Amazon Connect is expanding into four agentic AI solutions; there is no new financial or corporate event for AMZN, so this should be treated as promotional noise for the filer.

•1mo ago

Claritev Appoints Ben Letham to its Board of Directors

Claritev appointed Ben Letham to its Board of Directors effective September 14, 2026, filling an existing vacancy on the Board. Letham is a research scientist at Meta specializing in AI and optimization systems, and co-created Prophet, an open-source forecasting tool; he holds a Ph.D. in Operations Research from MIT. CEO Travis Dalton framed the appointment as part of a two-year transformation of Claritev's leadership, Board, and solution strategy, positioning the company as an AI-forward healthcare technology firm. The move carries no financial terms; its significance is strategic, deepening board expertise as Claritev deploys AI across solutions serving more than 750 payers, over 100,000 employers, and 60 million consumers.

•1mo ago

Meta Announces Quarterly Cash Dividend

Meta Platforms' board of directors declared a quarterly cash dividend of $0.525 per share on both Class A and Class B common stock. The dividend is payable on September 28, 2026, to stockholders of record as of the close of business on September 21, 2026. The declaration continues Meta's existing quarterly payout at the current rate, with no increase, reduction, or change to the capital-return program announced.

•1mo ago

Meta to Announce Second Quarter 2026 Results

Meta Platforms announced that its second quarter 2026 financial results will be released after market close on July 29, 2026. The company will host a conference call to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET on the same day, accessible via its investor relations website. Meta noted that it utilizes its IR website, Facebook, Instagram, and Threads channels for disclosing material non-public information under Regulation FD.

•3mo ago

Meta Announces Quarterly Cash Dividend

Meta Platforms declared a quarterly cash dividend of $0.525 per share for its Class A and Class B common stock. The dividend is payable on June 25, 2026, to stockholders of record as of the close of business on June 15, 2026. This is a routine maintenance of the company's existing dividend policy.

•5mo ago