$BSP · Bending Spoons S.p.A.
Bending Spoons S.p.A. filed a 6-K announcing a binding agreement with Berkshire Hathaway for a $330 million private placement of 10 million ordinary shares at $33.00 per share. This follows Berkshire's $600 million investment in the company's IPO, bringing its total stake to approximately $930 million. Proceeds will fund general corporate purposes and new acquisitions, with closing expected in Q4 2026.
- Berkshire Hathaway commits an additional $330 million via a private placement of 10 million ordinary shares at $33.00 per share.
- This follows Berkshire's $600 million investment in Bending Spoons' IPO, bringing total commitment to $930 million.
- Proceeds are earmarked for general corporate purposes and new acquisitions.
- The private placement is expected to close in Q4 2026, subject to customary closing conditions.
- Shares are unregistered, issued under Section 4(a)(2) and Rule 506 of Regulation D, with customary registration rights for Berkshire.
Stock up +2.21% to $37.86 in the regular session, trading above the $33.00 placement price — the market reads Berkshire's follow-on commitment as a strong validation signal.
Berkshire Hathaway rarely makes follow-on private placements in newly public foreign issuers — a $930 million total commitment signals extraordinary conviction in Bending Spoons.
Berkshire Hathaway's rare follow-on investment in a European tech company signals conviction in Bending Spoons' acquisition-driven model, echoing its high-profile bets on Apple and Snowflake.
The private placement is subject to customary closing conditions and may not close as anticipated in Q4 2026. The shares are unregistered and restricted, which could create overhang if registration rights are exercised.
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