Secondary Offering

VeriSign announced that Berkshire Hathaway is selling 4.3 million shares of its common stock at $285.00 per share in a secondary offering underwritten by J.P. Morgan Securities. The sale aims to reduce Berkshire Hathaway’s ownership below 10%, avoiding regulatory oversight. Berkshire Hathaway has agreed to a 365-day lock-up period on its remaining shares. Underwriters have an option to purchase an additional 515,032 shares. Proceeds will go to the selling stockholders, not VeriSign.

Mobileye (MBLY) priced Intel’s secondary offering of 50 million Class A shares at $16.50 each, with underwriters holding a 30-day option for 7.5 million additional shares. The offering, closing July 11, 2025, requires Mobileye’s concurrent repurchase of 6.23 million shares from Intel, approved by its board. Post-closing, Intel intends to convert 50 million Class B shares to Class A to expand the public float but will retain ownership. Mobileye will not sell shares or receive proceeds. Goldman Sachs and BofA lead the underwriting, supported by major banks. The offering is subject to SEC registration and standard closing conditions.

Grupo Financiero Galicia S.A. announced an underwritten secondary offering of 11,721,449 ADSs at $54.25 per ADS, led by HSBC. The offering is not authorized for public sale in Argentina. Proceeds benefit the selling shareholder, HSBC, not Galicia itself. Morgan Stanley and Goldman Sachs are the underwriters, with expected closing on June 12, 2025. Investors should note forward-looking statements and consult the SEC filings for more information.