Intel raises ~$20B through common-stock offering priced at $95, stock falls ~12% on week
Intel lost about 12% on the week after raising approximately $20 billion through a common-stock offering priced at $95, selling 210.5 million shares to de-risk its balance sheet. Intel CEO Lip-Bu Tan also serves on the board of Velaura AI, a company in which MARA Holdings holds a large investment stake.
Detected & updated continuously · Source: Nebula
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@AleaResearch
$INTC lost about 12% on the week after raising about $20B through a common-stock offering priced at $95. Selling 210.5M shares de-risks the balance sheet and buys room to compete. Existing holders paid in dilution, and now have to trust Intel to win new customers. https://t.co/U5GEWHoxgg
@CK_Cryptoklepto
Ultra-Low-Power Technology is AI Compute’s Next Frontier and Velaura AI is leading the charge Note: MARA has a large investment stake in Velaura AI and $MARA CEO Fred Thiel along with $INTC CEO Lip-Bu Tan are on the Velaura AI Board of Directors Link: https://t.co/Zz9CuYHe0p
@CK_Cryptoklepto
Velaura AI was featured in the Wall Street Journal highlighting their $1 Billion Valuation (Unicorn Status) MARA has a large investment stake in Velaura AI and $MARA CEO Fred Thiel along with $INTC CEO Lip-Bu Tan are on the Velaura AI Board of Directors