Company: MSTR
Filing Date: 2025-02-24
Form Type: 8-K
Source: 0000950170-25-025233
Chunk: 1

Company: Strategy Inc
Filing Date: 2025-02-24
Form: 8-K
Item: Item 7.01
Chunk 1
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in millions)                      $2,941  

(1)

Basic Shares Outstanding reflects the actual class  A common stock and class  B common stock outstanding as of the dates presented. For purposes of this calculation, outstanding shares of such stock are deemed to include shares, if any, that (A) were sold under at-the-market equity offering programs, or (B) were to be issued pursuant to (i) options that had been exercised, (ii) restricted stock units that have vested or (iii) conversion requests received with respect to the convertible notes, but which in each case were pending issuance as of the dates presented.

(2)

On January 24, 2025, the Company delivered a notice of full redemption (the “ Notice”) to the trustee of the Company’s 0.0% Convertible Senior Notes due 2027 in the total original principal amount of $1.05 billion (the “2027 Convertible Notes”). The Notice calls for the redemption of all of the outstanding 2027 Convertible Notes on February 24, 2025 (the “ Redemption Date”), at a redemption price equal to 100% of the principal amount of the 2027 Convertible Notes to be redeemed, plus accrued and unpaid special interest, if any, to but excluding the Redemption Date, unless earlier converted. As of February 20, 2025, the deadline for noteholders to submit conversion requests pursuant to the Notice, the Company has received conversion requests for substantially all of the $1.050 billion in principal amount of the 2027 Convertible Notes, which equates to the issuance upon settlement of 7,373,528 Shares in the aggregate, all of which are reflected in basic class A common stock outstanding as of February 23, 2025.

(3)

Does not include shares issuable upon conversion of the 2030 Convertible Notes that may be issued if the initial purchasers exercise their option to purchase $300.0 million of additional 2030 Convertible Notes in connection with the Convertible Notes Offering completed on February 21, 2025.

(4)

Assumed Diluted Shares Outstanding refers to the aggregate of our Basic Shares Outstanding as of the dates presented plus all additional shares that would result from the assumed conversion of all outstanding convertible notes and convertible preferred stock, exercise of all outstanding stock option awards, and settlement of all outstanding restricted stock units and performance stock units as of such dates. Assumed Diluted Shares Outstanding is not calculated