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NASDAQ: CBRS Cerebras Systems Inc. 8-K

Cerebras completes IPO: 34.5M Class A shares at $185 (~$6.38B gross; filing rounds to ~$6.38B (34.5M × $185; filing rounds to $6.4B))

Filed May 15, 2026 · Period ending May 15, 2026 · ~1 min read

2 key changes 2 high relevance

Key Changes

  • high

    IPO closed May 15: 34.5M Class A shares at $185.00 (includes full 4.5M greenshoe). Gross proceeds compute to $6.3825B; the filing rounds to $6.4B before fees.

    Item 8.01 — Other Events verify on EDGAR →
  • high

    Amended certificate of incorporation and bylaws became effective on closing (Exhibits 3.1 and 3.2). This 8-K discloses Class A common stock at $0.00001 par and defers the full capital-structure description to those exhibits / the prospectus — it does not state dual-class.

    Item 5.03 — Amendments to Articles of Incorporation or Bylaws verify on EDGAR →

Summary

Cerebras Systems completed its initial public offering on May 15, 2026, selling 34,500,000 shares of Class A common stock at $185.00 per share — including full exercise of the underwriters' 4,500,000-share overallotment option. Gross proceeds compute to $6.3825 billion (34.5M × $185); the filing rounds this to $6.4 billion before underwriting discounts and expenses. The full greenshoe exercise indicates strong institutional demand.

Concurrent with closing, Cerebras filed an amended and restated certificate of incorporation and bylaws with Delaware (Exhibits 3.1 and 3.2). This 8-K discloses only Class A common stock ($0.00001 par) and expressly defers the capital-structure description to Exhibit 3.1 and the prospectus's "Description of Capital Stock" — it does not state a Class A common stock capital structure (full multi-class details, if any, are in the charter exhibit / prospectus — not disclosed in this filing body).

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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 9, 2026 · How we verify