What happened
STX updated the terms of a private placement (third-party allotment) to raise US$51M, 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$51M |
| vs. market value | 62.1% |
| Filed | 2026-10-13, [Amended] Material event report (rights offering) |
| Source | DART rcept 20261012000510 → open original filing |
Source: DART. Information only, not investment advice.