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10.11.26 - 06:33
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Dropbox, Inc. Announces Upsize and Pricing of $1.1 Billion Convertible Senior Notes Offering (Business Wire)
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SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (“Dropbox”) (NASDAQ: DBX) today announced the pricing of $1.1 billion aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $1.0 billion. Dropbox also granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $150.0 million aggregate principal amount of the Notes. The sale of the Notes to the initial purchasers is expected to settle on November 12, 2026, subject to customary closing conditions, and is expected to result in approximately $1,082 million in net proceeds to Dropbox (or approximately $1,230 million if the initial purchasers exercise their option to purchase additional Notes in full) after deducting the ini...
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09.11.26 - 13:00
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Dropbox, Inc. Announces $1.0 Billion Convertible Notes Offering (Business Wire)
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SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (“Dropbox”) (NASDAQ: DBX) today announced its intention to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of convertible senior notes due 2031 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Act”). Dropbox also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $150.0 million aggregate principal amount of the Notes.
The Notes will be senior, unsecured obligations of Dropbox, and interest will be payable semi-annually in arrears. Upon conversion, Dropbox will pay cash up to the aggregate principal amount of Notes to be converted and pay or deliver, as the case may be, cash, shares of Dropbox's Class A common stock (“Class A common stock”) or a combination of cash and shares of Class A common stock, at Dropbox's election...
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05.11.26 - 15:03
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Dropbox Announces Plans to Acquire Tigris Data Inc. and Unveils DBX Agent Cloud as Part of AI-Powered Product Evolution (Business Wire)
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Planned acquisition will accelerate Dropbox's expansion into AI infrastructure for companies and developers; new AI capabilities have already rolled out to more than 70,000 teamsSAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX) today announced plans to acquire Tigris Data Inc., a globally distributed object storage platform built for AI workloads, to accelerate its expansion into AI infrastructure for companies and developers. The company also unveiled DBX Agent Cloud, a storage and data infrastructure offering beginning with object storage, alongside a major evolution of its core product that brings AI-powered capabilities directly to customers' existing files and workflows.Together, the announcements mark a significant step in Dropbox's evolution beyond traditional file storage and sharing, extending its infrastructure expertise to companies building AI applications while giving existing customers new ways to put their content to work with AI. Customers can ask Dropbox to complete supported...
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