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Rackspace Technology at-the-market offering of up to $250M common stock at $6.43/share
Filed July 9, 2026 · ~2 min read
Offering filing cluster
Same offering- 424B5 Jul 9, 2026 This filing EDGAR →
- 8-K Jul 9, 2026 Rackspace launches $250M equity offering, cuts FY26 outlook by $150M on AI pivot EDGAR →
Key Changes
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At-the-market offering of up to $250 million of common stock at prevailing market prices through a sales agent on Nasdaq; shares sold over time at varying prices, not a single-priced transaction.
The Offering verify on EDGAR → -
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Proceeds for general corporate purposes including working capital, capital expenditures, and GPU-related growth capital; management has broad discretion over deployment.
Use of Proceeds verify on EDGAR → -
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New investors face $15.84 per share dilution (246% dilution as a percentage of the offer price) at assumed $6.43 offering price; company remains in negative tangible book value of $(8.26) per share even after the offering.
Dilution verify on EDGAR →
3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify