Rackspace Technology, Inc. (RXT) Form 424B5 — Jul 9, 2026
Rackspace Technology (RXT) has filed a prospectus supplement to offer up to $250 million of its common stock via an At-The-Market (ATM) facility with Goldman Sachs. The shares will be sold from time to time at prevailing market prices, with Goldman Sachs acting as sales agent for a 1.5% commission. The company intends to use the net proceeds for general corporate purposes, specifically highlighting working capital, capital expenditures, and growth capital including GPU-related costs. As of March 31, 2026, Rackspace had approximately 249.1 million shares outstanding and a negative net tangible book value of $(10.53) per share.
Key figures
- Gross Proceeds
- 250000000
- Offering Price
- 6.43
- Shares Outstanding
- 249100000
- Agent commission rate
- 1.5%
- Dilution per share to new investors
- 14.69
Price after filing
Close on the filing date to close N calendar days later (from $4.37). Historical, not a forecast.
AI analysis
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