Meta 計劃出售價值最多 $95 billion 的股份，為 AI 基建籌資
Meta plans up to $95 billion in stock sales to fund its AI buildout
Meta 計劃出售新股，最多籌集 $95 billion，以資助 AI 基建擴建。當中包括 $22.5 billion A 類普通股及 $12.5 billion 存託股（各代表新優先股的二十分之一，除非提前轉換，否則於 2029 年 8 月自動轉為普通股）；餘下 $60 billion 預計在 C 類股開始交易後於公開市場出售，時間可能不早於 2027 年第一季。
融資安排涵蓋 A 類普通股、存託股及無投票權 C 類股，呈現 Meta 籌集 AI 基建資金與維持 Zuckerberg 控制權之間的設計。
Meta plans to sell new stock to raise money for its AI infrastructure buildout. According to The Information, the company plans to sell up to $95 billion in shares.
About $22.5 billion will come from selling Class A common stock, according to a Meta announcement. Another $12.5 billion will come from depositary shares, each representing one-twentieth of a new preferred share. Unless they're converted earlier, these preferred shares will automatically convert into common stock in August 2029. The remaining $60 billion will come from ongoing sales on the open market once new Class C shares start trading, likely no earlier than the first quarter of 2027.
Right now, Meta has Class A shares with one vote each and Class B shares with ten votes each. Entities controlled by CEO Mark Zuckerberg hold most of the Class B shares. The Class C shares, which Meta announced last week, carry no voting rights. That lets Meta raise money without diluting Zuckerberg's control. According to the announcement, Nvidia, AMD, and Broadcom have expressed non-binding interest in buying up to $5 billion in Meta stock.
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來源：The Decoder · the-decoder.com