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The deal

Type
Funding
Amount
$4.5B
Structure
convertible preferred stock; initial conversion price $37.25 per share; preferred dividend rate 4.75%; upsized from $3 billion
Status
Announced
Round
Convertible preferred equity investment
Valuation
Not recorded
Region
United States
Date
27 October 2025

As of this development: a later development may record new terms.

Lifecycle

  1. Announced27 October 2025 · This development
  2. ClosedNot recorded

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