RXT•Rackspace Technology raised approximately $66 million by privately placing 23,999,997 common shares, with proceeds intended for general corporate purposes, including GPU-related initiatives.
Rackspace Technology raised approximately $66 million through a private placement of 23,999,997 common shares on November 9, 2026. Voss Capital purchased 18,181,816 shares for approximately $50 million under a November 6 agreement; additional purchasers bought 5,818,181 shares for approximately $16 million under agreements signed November 9. The company intends to use the proceeds for general corporate purposes, including working capital, capital expenditures and growth capital, including GPU-related initiatives.
