# INTEL CORP (INTC) — capital_raise/public_offering [pending]
Source: SEC API (secapi.ai) · situation sit_a467d7328a7a6415aa87 · retrieved 2026-08-16T21:12:27.786Z

## Overview
Intel Corporation designs and manufactures advanced semiconductors that connect and power the modern world.

Intel Corporation entered into an underwriting agreement on August 10, 2026, to issue and sell 210,526,315 shares of common stock at $95.00 per share, for gross proceeds of approximately $20.0 billion. The underwriters (J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and Citigroup Global Markets Inc.) were granted a 30-day option to purchase up to an additional 31,578,947 shares at the same price. On August 11, 2026, the underwriters exercised the option in full. The offering was expected to close on August 12, 2026, with net proceeds of approximately $19.7 billion after deducting underwriting discounts and commissions. Intel intends to use the net proceeds for general corporate purposes, including capital expenditures and working capital.

## Terms
- Counterparty: J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc. · Deal value: $20.00B · Consideration: cash · Price/share: $95

## Key dates
- Announced 2026-08-12 · Expected close 2026-08-12

## Timeline
- 2026-08-12 · 8-K (0001193125-26-346806): 8-K - INTEL CORP — *Intel Corporation designs and manufactures advanced semiconductors that connect and power the modern world.* Intel Corporation entered into an underwriting agreement on August 10, 2026, to issue and sell 210,526,315 shares of common stock at $95.00 per share, for gross proceeds of approximately $20.0 billion. The underwriters (J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and Citigroup Global Markets Inc.) were granted a 30-day option to purchase up to an additional 31,578,947 shares at the same price. On August 11, 2026, the underwriters exercised the option in full. The offering was expected to close on August 12, 2026, with net proceeds of approximately $19.7 billion after deducting underwriting discounts and commissions. Intel intends to use the net proceeds for general corporate purposes, including capital expenditures and working capital.
  https://www.sec.gov/Archives/edgar/data/50863/0001193125-26-346806.txt

## Citations
- 0001193125-26-346806 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000119312526346806