Financing · Jun 5, 2026

Alphabet Inc. closed a mandatory convertible preferred stock offering of 167,500,000 Series A and 167,500,000 Series B…

GOOGAlphabet Inc.

Alphabet Inc. closed a mandatory convertible preferred stock offering of 167,500,000 Series A and 167,500,000 Series B depositary shares, each with a 6.25% annual dividend rate on a $1,000 liquidation preference. The company also entered into capped call transactions to mitigate potential dilution to Class A and Class C common stock.