Sandisk Announces Launch of Secondary Offering of Common Stock
Sandisk Corporation (SNDK)
Company Research
Source: Business Wire
MILPITAS, Calif.--(BUSINESS WIRE)--Sandisk Corporation (Nasdaq: SNDK) (the “Company” or “Sandisk”) announced today the launch of a secondary public offering (the “Offering”) of $3,085,774,648 of shares of its common stock (the “SNDK Shares”) currently owned by Western Digital Corporation, the Company’s former parent (“WDC”). Sandisk is not selling any shares of common stock and will not receive any proceeds from the sale of the SNDK Shares in the Offering or from the debt-for-equity exchange (described below).Prior to the closing of the Offering, WDC is expected to exchange the SNDK Shares for certain indebtedness of WDC held by affiliates of J.P. Morgan Securities LLC and BofA Securities (such affiliates, the “debt-for-equity exchange parties”). Upon the consummation of the debt-for-equity exchange, WDC is expected to deliver the SNDK Shares, at the request of the debt-for-equity exchange parties, to J.P. Morgan Securities LLC and BofA Securities, in their capacity as selling sto
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SNDK
Earnings
- 1/29/26 - Beat
SNDK
Sec Filings
- 2/25/26 - Form 144
- 2/18/26 - Form 424B7
- 2/17/26 - Form 424B7
- SNDK's page on the SEC website