Meta Platforms, Inc. (META) Form 424B5 — Oct 28, 2026
Meta Platforms filed a 424B5 prospectus supplement pricing a $12.5 billion offering of 250 million Series A Depositary Shares at $50 each, representing its 6.50% Series A Mandatory Convertible Preferred Stock with an expected mandatory conversion around August 15, 2029 into Class A (or Class C) common stock. Concurrently, Meta entered forward sale agreements with Morgan Stanley and Goldman Sachs covering 40 million Class A shares at an initial forward price of $622.91875, with potential net proceeds of approximately $24.9 billion upon settlement by November 19, 2027. Total potential capital raised across both offerings approaches $37 billion, earmarked for general corporate purposes.
Key figures
- Gross Proceeds
- 12500000000
- Offering Price
- 50
- Shares Offered
- 250000000
- Dividend rate
- 6.50%
- Initial price
- 625
- Listing symbol
- METAM
- Max conversion rate
- 1.6
- Min conversion rate
- 1.362
- Liquidation preference
- $1,000 per preferred share ($50 per depositary share)
- Total consolidated debt
- $83.7 billion as of September 30, 2026
- Concurrent forward price
- 622.91875
- Concurrent forward shares
- 40000000
- Mandatory conversion date
- expected August 15, 2029
- Concurrent forward proceeds
- 24900000000
- Greenshoe depositary shares
- 37500000
- Threshold appreciation price
- 734.2144
- Class c charter effective date
- January 19, 2027
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