The Zhitong Finance App learned that Meta (META.US) is seeking equity financing of up to 95 billion US dollars to fund its artificial intelligence (AI) expenses. The company issued a statement on Monday saying it will issue approximately $35 billion in common shares and preferred shares — about $22.5 billion in Class A common shares through forward sale agreements, and about $12.5 billion in Class A compulsory convertible preferred stock depository shares.

The Zhitong Finance App learned that Meta (META.US) is seeking equity financing of up to 95 billion US dollars to fund its artificial intelligence (AI) expenses. The company issued a statement on Monday saying it will issue approximately $35 billion in common shares and preferred shares — about $22.5 billion in Class A common shares through forward sale agreements, and about $12.5 billion in Class A compulsory convertible preferred stock depository shares.