The facts
The depositary shares represent mandatory convertible preferred stock with a 6.50% annual dividend rate. The company said both offerings were expected to close on 29 October, subject to conditions. [2]
The common-stock transaction uses forward-sale agreements. Meta says it will not initially receive the common-share sale proceeds; it expects settlement on or before 19 November 2027. [2]
The earlier SEC-filed financing plan also proposed a future US$60 billion at-the-market programme tied to its planned Class C shares. The company said no agreement had been entered into and the programme might not be established. [1]
Meta describes the financing as supporting AI infrastructure investment. The initial US$35 billion launch amount reported by Reuters predates the common-stock upsizing. [1][2][3]
Still unconfirmed
- Completion of the offerings, eventual forward-sale proceeds and establishment of the proposed at-the-market programme remain unconfirmed.
Sources
References support the numbered facts above. Source checks: 29 Oct 2026, 00:15 UTC.
- 26 October financing-plan launch
Meta, filed with the US Securities and Exchange Commission · Primary source · 26 Oct 2026
- Pricing announcement and forward-sale terms
Meta, via PR Newswire / StockTitan · Primary source · 26 Oct 2026
Uses the issuer’s release beginning below the platform’s AI-generated commentary; that commentary is not evidence.
- Initial equity-offering launch
Reuters, via Investing.com · Reporting · 26 Oct 2026