Recent Updates — GOOG
At the June 5, 2026 Annual Meeting, Alphabet Inc. shareholders approved the amendment and restatement of the 2021 Stock Plan, increasing the share reserve by 200,000,000 shares of Class C capital stock. All director nominees were elected, and the appointment of Ernst & Young LLP as the independent auditor was ratified. Several shareholder proposals regarding climate goals, AI oversight, and data privacy were not approved. Alphabet is a technology company that provides a wide range of internet-related services, including search, advertising, and cloud computing.
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.
Alphabet Inc. entered into an at-the-market equity distribution agreement to sell up to $40 billion of Class A and Class C shares. The company also completed a public offering of approximately 29.3 million shares of both Class A and Class C stock and a $10 billion private placement of shares to a Berkshire Hathaway affiliate. A separate offering of mandatory convertible preferred stock is expected to close on June 5.
Alphabet Inc. closed an underwritten public offering of Japanese yen-denominated senior notes with an aggregate principal amount of ¥576.9 billion. The issuance consists of seven tranches of notes with maturities ranging from 2029 to 2066 and interest rates between 1.965% and 4.599%.
Alphabet Inc. closed concurrent underwritten public offerings of €9 billion in euro-denominated senior notes and C$9.5 billion in Canadian dollar-denominated senior notes on May 11, 2026. The debt issuance consists of multiple tranches with varying interest rates and maturities ranging from 2030 to 2063.