Goldman Sachs

MENLO PARK – October 29, 2026 -- Meta Platforms raised the size of its Class A common stock offering to $25.0 billion from $22.5 billion and priced a parallel offering of 6.50% mandatory convertible preferred stock expected to net about $12.5 billion.

Meta sells 250 million depositary shares at $50 each

The depositary shares each represent a 1/20th interest in a share of newly issued 6.50% Series A Mandatory Convertible Preferred Stock. Underwriters hold a 30-day option on up to 37,500,000 additional depositary shares, which would lift net proceeds to about $14.3 billion. Meta plans to use the money for general corporate purposes.

The preferred stock carries a $1,000 liquidation preference per share. Dividends accumulate at 6.50% annually and are payable on February 15, May 15, August 15 and November 15, starting February 15, 2027. Meta can pay them in cash, in Class A common stock or in a combination of the two.

MILWAUKEE – October 29, 2026 -- A. O. Smith Corporation (NYSE: AOS) agreed to sell an 81% interest in its China business to alternative asset manager CPE, valuing the unit at approximately $400 million on a cash-free, debt-free basis. The company will keep a 19% stake and sign a long-term brand licensing agreement.

Licensing royalties lift total deal value above $500 million

The $400 million valuation excludes the royalty stream from the brand license. Including the net present value of licensing payments to A. O. Smith over a multi-decade period, total value is expected to exceed $500 million.

The structure also lets A. O. Smith repatriate roughly $80 million in cash now held in China.

Share repurchases take priority for after-tax proceeds

After closing, A. O. Smith intends to prioritize share buybacks as the use of after-tax proceeds and repatriated cash.

Emeryville – October 15, 2026 -- Goldman Sachs named UPSIDE Foods CEO Uma Valeti, M.D., one of its Most Exceptional Entrepreneurs of 2026 at the Builders and Innovators Summit in Healdsburg, California. The bank selected Valeti from multiple industries for the honor.

UPSIDE Foods has raised more than $600 million since its 2015 founding

Valeti, a cardiologist who worked on stem-cell heart tissue regeneration during a fellowship at the Mayo Clinic, left clinical practice to found what the company calls the world's first cultivated meat company. UPSIDE's Chicken Filet was the first cultivated meat product cleared by both the FDA and the USDA for sale in the U.S.

Investors include Cargill, Softbank, Temasek, Tyson and Whole Foods.

Eagan, Minn. – October 12, 2026 -- Solventum (NYSE: SOLV) said it intends to separate its Health Information Systems business, a healthcare software unit with $1.4 billion in annual sales, and is targeting completion within 12 to 18 months.

The move is the latest step in the company's three-phase transformation strategy. Solventum's Board of Directors and management expect the separation to leave a dedicated MedTech company focused on its MedSurg and Dental Solutions businesses.

Solventum weighs independent, combined or other deal structures

The company is evaluating several separation alternatives: an independent company, a combination with a scaled player in the space, or another transaction. It said it will pursue the structure it believes maximizes shareholder value.

Columbus – October 12, 2026 -- American Electric Power (Nasdaq: AEP) has launched a registered underwritten offering of $2.6 billion of common stock, structured around forward sale agreements with three banks.

BofA, Goldman Sachs and Morgan Stanley lead the underwriting

BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers. Subject to certain conditions, the forward counterparties or their affiliates are expected to borrow all shares from third parties and sell them to the underwriters.

Armonk, N.Y. – October 02, 2026 -- IBM has elected Frank Baker, 53, Co-founder and Managing Partner of Siris Capital Group, to its board of directors, effective October 02, 2026.

Siris Capital has deployed more than $9 billion in equity across tech and data-focused companies

Baker oversees Siris' portfolio and leads its investment strategy, focusing on value creation in established technology firms with mission-critical products navigating technological shifts.

IBM CEO Arvind Krishna cites Baker's strategy-driven mindset as key to shareholder value

Krishna said the company is excited to welcome Baker to the board, adding that his expertise and leadership will strengthen IBM's business as it advances enterprise-wide technology transformation for clients.

New York – October 01, 2026 -- Sharon AI Holdings Inc. (NASDAQ: SHAZ) has closed its inaugural US$356 million committed senior secured, GPU-backed SPV debt facility, priced at a fixed rate of 9.95% excluding fees.

Facility backs GPU deployment for customer contracts

The debt is secured against the Company's GPUs and associated cash flows, funding the deployment of compute infrastructure dedicated to signed customer contracts. The facility supports Sharon AI's plan to build out more than 68,000 NVIDIA GPUs by mid-2027 and is the first in an expected series of GPU financings.

Goldman Sachs and private credit funds join syndicate

The facility drew marquee Australian, Asian and global investors, including Goldman Sachs and select large private credit funds. Jarden Australia acted as sole financial advisor and arranger on the transaction.

Bengaluru – September 25, 2026 -- Keystone, a global advisory firm, has launched Keystone India with Bengaluru as its first hub in the country, planning to hire talent and expand its workforce over the next two years to serve multinational clients navigating India's regulatory complexity and AI disruption.

Bengaluru team to serve Microsoft, Meta, Amazon, Goldman Sachs and Amgen

The new Bengaluru office will support global technology, manufacturing and financial services companies including Microsoft, Meta, Amazon, Goldman Sachs and Amgen, along with India's largest law firms, as they navigate market structure, litigation exposure and platform risk. Keystone CEO Jeff Marowits said the launch reflects the firm's long-term commitment to India as a strategically important growth market, with substantial investments in talent planned over the next two years.

New York – September 22, 2026 -- Grafine Partners has hired Suzanne Flannery as Managing Director and Head of Strategic Initiatives, a newly created role at the principal investment firm focused on the lower middle and middle market.

Flannery joins from Neuberger Berman to lead cross-firm strategic execution

Ms. Flannery will work across Grafine's investment, capital formation and operations teams as the firm seeks to institutionalize its platform and expand direct investment activity. She joins from Neuberger Berman, where she served as Managing Director and Head of Product Marketing Platform, leading a global team supporting the firm's investment offerings.

Scottsdale, Ariz. – September 18, 2026 -- Axon Enterprise, Inc. (Nasdaq: AXON) intends to offer $1.0 billion in aggregate principal amount of 0% convertible senior notes due 2031, subject to market conditions, the public safety technology company announced.

Axon adds $150 million over-allotment option for underwriters

Underwriters will have the option to purchase up to an additional $150.0 million in notes to cover over-allotments, exercisable for settlement within an 11-day period beginning on the first issuance date. Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC and Citigroup Global Markets Inc. are serving as joint lead book-running managers.