CoreWeave Announces At-the-Market Offering Program
CoreWeave established an at-the-market offering program covering up to 35,000,000 shares of Class A common stock, which may be sold from time to time through eleven sales agents including Deutsche Bank, Goldman Sachs, J.P. Morgan, Jefferies, Morgan Stanley, Citi, TD and Wells Fargo. The program also permits forward sales of borrowed Class A shares by Deutsche Bank, Goldman Sachs, Morgan Stanley and Citi as forward sellers under a collared forward sale agreement.
Key figures
- Shares Offered
- 35000000
- Sales Agents
- ["Deutsche Bank Securities Inc.","Goldman Sachs & Co. LLC","J.P. Morgan Securities LLC","Jefferies LLC","Morgan Stanley & Co. LLC","MUFG Securities Americas Inc.","Citigroup Global Markets Inc.","Credit Agricole Securities (USA) Inc.","SG Americas Securities, LLC","TD Securities (USA) LLC","Wells Fargo Securities, LLC"]
- Forward Sellers
- ["Deutsche Bank Securities Inc.","Goldman Sachs & Co. LLC","Morgan Stanley & Co. LLC","Citigroup Global Markets Inc."]
- Forward Structure
- collared forward sale agreement on borrowed Class A shares
- Offering Structure
- at-the-market (ATM) program
AI analysis
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