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RXT 424B5: Secondary offering

Rackspace Technology

Filed with the SEC on · accession 0001810019-26-000086

RXT filed a 424B5 (prospectus (offering)) with the SEC on Jul 9, 2026. The final terms of an offering of shares or bonds. The stock moved -33.6% by the first close after the filing.

Summary of the filing

Rackspace Technology filed a prospectus supplement for an at-the-market offering of up to $250,000,000 of its common stock through Goldman Sachs as sales agent.

For details, click here →How to read a 424B5 →

Key details

Maximum aggregate offering amount of common stock$250.0M
Sales agent commission rate$2
IssuerRackspace Technology, Inc.
Sales agentGoldman Sachs & Co. LLC

How RXT stock reacted

Close before

$6.58

Jul 8, 2026

First close after

-33.59%

$4.37

5 trading days

-32.37%

$4.45

Since filing

-61.55%

$2.53

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Frequently asked questions

What did RXT file with the SEC on Jul 9, 2026?

RXT filed a 424B5 (Secondary offering). Rackspace Technology filed a prospectus supplement for an at-the-market offering of up to $250,000,000 of its common stock through Goldman Sachs as sales agent.

What does a secondary offering mean for RXT stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did RXT stock react to this filing?

RXT closed at $6.58 before the filing and $4.37 on Jul 9, 2026 (-33.59%). Five trading days later: $4.45 (-32.37%).

Other RXT SEC filings

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