Launch Catch-Up — Financing Plan Announced October 26, 2026
Meta announced a financing plan Monday that combines approximately $35 billion in current equity offerings with a possible $60 billion share-sale program beginning no earlier than 2027.
The company said the plan supports investment in AI infrastructure. Its concurrent offerings consist of about $22.5 billion of Class A common stock linked to forward-sale agreements and roughly $12.5 billion of depositary shares representing mandatory convertible preferred stock.
Meta does not expect to receive proceeds immediately from the common-stock sale. It plans to receive cash upon future settlement of the forward agreements, on dates through November 19, 2027.
The separate proposed program would sell Class C shares over time. Meta said no agreement has been signed and its timing, size and terms remain undetermined. It is not expected before the first quarter of 2027.
Nvidia, AMD and Broadcom indicated interest in buying up to $5 billion of common shares. Those indications are nonbinding. Neither that interest nor the proposed future program represents money already raised.
Sources: https://www.prnewswire.com/news-releases/meta-announces-launch-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-302919267.html