Company: MSTR
Filing Date: 2025-01-24
Form Type: 8-K
Source: 0001193125-25-011819
Chunk: 0

Company: Strategy Inc
Filing Date: 2025-01-24
Form: 8-K
Item: Item 8.01
Chunk 0
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Item 8.01      Other Events.  

2027 Notes Redemption

On January 24, 2025, MicroStrategy Incorporated (the “ Company”) announced that it delivered a notice of full redemption (the “ Notice”) to the trustee of the Company’s outstanding 0.0% Convertible Senior Notes due 2027 (the “2027 Notes”). The aggregate principal amount of the 2027 Notes being redeemed is approximately $1.05 billion, which is equal to the current aggregate principal amount of 2027 Notes outstanding and held by investors. The Notice calls for the redemption of all of the outstanding 2027 Notes (the “ Redemption”) on February 24, 2025 (the “ Redemption Date”), at a redemption price equal to 100% of the principal amount of the 2025 Notes to be redeemed, plus accrued and unpaid special interest, if any, to but excluding the Redemption Date, unless earlier converted.

As a result of the delivery of the Notice, at any time prior to 5:00 p. m., New York City time, on February 20, 2025, the 2027 Notes are convertible, at the option of the holders of the 2027 Notes, at the applicable conversion rate of 7.0234 shares of the Company’s class A common stock per $1,000 principal amount (reflecting a conversion price of $142.38 per share).

In the event that any holder delivers a conversion notice as provided in the indenture related to the 2027 Notes, the Company has elected to satisfy its conversion obligation with respect to each $1,000 principal amount of 2027 Notes by delivering solely shares of its class A common stock, together with cash in lieu of any fractional shares.

The information contained in Item 8.01 of this Current Report on Form 8-K isfor informational purposes only and does not constitute an offer to buy or a solicitation of an offer to sell any 2027 Notes and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.