What happened
STX disclosed a private placement (third-party allotment) to raise US$49.4M, about 62.1% of its market value.
For context, this raise equals about 62.1% of the company's market value, which is the rough scale of potential new-share dilution.
| Instrument | Private placement |
|---|---|
| Raise amount | US$49.4M |
| vs. market value | 62.1% |
| Filed | 2026-09-16, Material event report (rights offering) |
| Source | DART rcept 20260916000543 → open original filing |
Source: DART. Information only, not investment advice.