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SOC 424B5: Secondary offering

Filed with the SEC on · accession 0001831481-26-000089

SOC filed a 424B5 (prospectus (offering)) with the SEC on Jul 2, 2026. The final terms of an offering of shares or bonds. The stock moved -3.4% by the first close after the filing.

Summary of the filing

SOC is offering $300 million aggregate principal amount of 6.5% convertible senior notes due 2031, with an underwriter option for an additional $45 million, and concurrently offering 32,467,533 shares of common stock.

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

Key details

Aggregate principal amount of notes offered$300.0M
Over-allotment option for additional notes$45.0M
Underwriting discounts and commissions$9.0M
Proceeds to SOC before expenses$291.0M
IssuerSOC
Book-running managerJ.P. Morgan

How SOC stock reacted

Close before

$4.40

Jul 1, 2026

First close after

-3.41%

$4.25

5 trading days

-5.91%

$4.14

Since filing

-56.14%

$1.93

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Frequently asked questions

What did SOC file with the SEC on Jul 2, 2026?

SOC filed a 424B5 (Secondary offering). SOC is offering $300 million aggregate principal amount of 6.5% convertible senior notes due 2031, with an underwriter option for an additional $45 million, and concurrently offering 32,467,533 shares of common stock.

What does a secondary offering mean for SOC 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 SOC stock react to this filing?

SOC closed at $4.40 before the filing and $4.25 on Jul 2, 2026 (-3.41%). Five trading days later: $4.14 (-5.91%).

Other SOC SEC filings

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