Strategy (MSTR) has unveiled a $42 billion at the market (ATM), equity program, split between $21 billion of Class A common stock (MSTR) and $21 billion of its Variable Rate Series A Perpetual Stretch Preferred Stock, Stretch (STRC), according to an 8-K filing.The company also introduced a new $2.1 billion ATM for its STRK preferred stock, replacing a prior STRK program that had more than $20 billion remaining. The company expanded its sales syndicate. Strategy added Moelis & Company, A.G.P./Alliance Global Partners, and StoneX Financial, bringing the total number of agents to 19. These firms act as intermediaries, selling shares…

In 2022, Democratic New York Gov. Kathy Hochul urged Republicans to leave the state and move to Florida. Lots of people took her advice, and not all of them the people she wanted to expel. Earlier this month, she was reduced to begging “high-net-worth” former state residents to move back and pay the expensive tax tab to fund her state’s spending choices. It’s a rare and glorious sight when politicians shoo those who dislike their policies out the door only to subsequently beg them to return. You are reading The Rattler from J.D. Tuccille and Reason. Get more of J.D.’s…

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