Financing ·
Rackspace raises $66M in private equity placement for general corporate purposes
RXTRackspace Technology, Inc.
Rackspace Technology issued 24 million shares of common stock in a private placement to accredited investors, including Voss Capital LP. The company received approximately $50 million from the initial agreement and an additional $16 million from subsequent agreements on November 9, 2026. Proceeds will support working capital, capital expenditures, and growth initiatives such as GPU-related projects. Rackspace Technology provides managed cloud computing services.