Rackspace Technology at-the-market offering of up to $250M common stock at market prices

Filed July 9, 2026 · ~2 min read

Key Changes

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  At-the-market offering of up to $250 million of common stock sold over time at prevailing market prices through a sales agent on Nasdaq and other venues, rather than a traditional fixed-price underwritten offering.

  The Offering verify on EDGAR →
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  New investors face $15.84 per share dilution (a 246% increase in the share count as a percentage of the $6.43 offer price) at the assumed offering price; pro forma net tangible book value would be negative $(8.26) per share even after the full $250M raise.

  Dilution verify on EDGAR →
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  Apollo controls a majority of voting power, enabling it to control director elections and all stockholder votes; public stockholders have limited governance influence.

  Selling Stockholders verify on EDGAR →