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Meta has slightly raised its stock financing plan to $97.5 billion, with a maximum possible financing amount of $103 billion.

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Meta Platforms (META.O) said it plans to raise funds through stock issuance to support investments in artificial intelligence, with the financing size slightly increased from $95 billion to $97.5 billion. On Tuesday, when announcing the pricing terms for the stock offering, Meta stated it will raise its common stock issuance amount from $22.5 billion to $25 billion. Per the plan first released on Monday, Meta also intends to issue approximately $12.5 billion in Series A depositary shares, and raise up to $60 billion via its "at-the-market" (ATM) offering program. The Tuesday filing also shows that Meta has granted underwriters for the common stock and depositary share offerings an overallotment option to purchase an additional ~$5.5 billion worth of shares, meaning its total final financing could reach up to around $103 billion.

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