来源：滚动播报 2月18日，闪迪公司（Nasdaq: SNDK）宣布，其前母公司西部数据公司（下称WDC）持有的5,821,135 股闪迪普通股（下称SNDK股份）的二次公开发行已完成定价。SNDK股份的发售价格为每股545美元。 闪迪公司自身不在此次发行中出售任何普通股，且不会从本次发行中SNDK股份的出售或债转股交易获 得任何收益。本次发行预计于2026年2月19日完成，具体取决于惯例交割条件。 ...

闪迪宣布普通股二次发行定价，每股发行价为545.00美元。将以此特定价格发行5,821,135股增发股票。 本文源自：金融界AI电报 ...

Core Viewpoint - Sandisk Corporation announced the pricing of a secondary public offering of 5,821,135 shares of its common stock at a price of $545.00 per share, which are currently owned by Western Digital Corporation, the former parent of Sandisk [1]. Group 1: Offering Details - The secondary offering will not involve Sandisk selling any shares or receiving any proceeds from the sale [1]. - The total value of the shares being offered is approximately $3.09 billion [2]. - The offering is expected to close on February 19, 2026, subject to customary closing conditions [1]. Group 2: Debt-for-Equity Exchange - Prior to the offering's closing, Western Digital Corporation is expected to exchange the shares for certain indebtedness held by affiliates of J.P. Morgan Securities LLC and BofA Securities [1]. - Following the debt-for-equity exchange, Western Digital is expected to own 1,691,884 shares of Sandisk's common stock, which it plans to dispose of in subsequent exchanges or distributions [1]. Group 3: Company Background - Sandisk is a leading developer and manufacturer of data storage devices based on NAND flash technology, providing solutions for various applications including artificial intelligence workloads [1]. - The company has a broad portfolio that includes solid-state drives, embedded products, removable cards, and USB drives [1].

来源：环球市场播报 西部数据（Western Digital）正寻求通过出售其大约一年前分拆的闪迪（Sandisk）的股票来套现。 闪迪周二宣布30.9亿美元的股票转售，这些股票将由其前母公司西部数据出售。西部数据打算进行一次 债转股交易，在发行完成前，该公司将用股票交换摩根大通（J.P． Morgan）和美国银行（Bank of America）关联公司持有的部分债务。 闪迪股价在周二盘后交易中下跌1.6%，而西部数据的股价小幅上涨。 鉴于西部数据在上次财报电话会议上发表的评论，此举应该不会令闪迪或西部数据的投资者感到太意 外。 首席财务官克里斯．塞纳萨尔（Kris Sennesael）在该电话会议上表示："你们可能知道，我们仍持有750 万股闪迪股票，我们打算在分拆满一周年之前将这些股票变现。" 他指出，所得款项将用于进一步削减债务。 根据去年向美国证券交易委员会（Securities and Exchange Commission）提交的一份注册文件，该公司 必须在2月21日之前出售这些股票，才能免于承担税务后果。 Evercore ISI分析师阿米特．达里亚纳尼（Amit Daryanani）写道，该 ...

分拆后股价表现分化 自去年2月24日分拆正式完成以来近一年时间里，两家公司股价走势出现显著分化。尽管西部数据股价大幅上涨，但闪迪则经历了更为强劲的涨势。 根据声明，西部数据预计将把这批闪迪股份与摩根大通证券和美银证券关联方持有的西部数据债务进行置换。交易完成后，这些关联方将作为售股股东， 通过承销商在二级市场出售股份。公告发布后，闪迪股价延续周二颓势，盘后下挫超2%。 西部数据出售其所持全部闪迪股份，交易规模达30.9亿美元。这是这家硬盘制造商在分拆一年后彻底退出前子公司的最后一步。 2月17日，闪迪发布声明称，西部数据计划出售其持有的闪迪普通股，公司本身不会出售任何股份，也不会从此次发行中获得任何收益。 根据声明，西部数据预计将把这批闪迪股份与摩根大通证券和美银证券关联方持有的西部数据债务进行置换。交易完成后，这些关联方将作为售股股 东，通过承销商在二级市场出售股份。 此前1月29日的西部数据季度财报电话会议上，公司首席财务官Kris Sennesael表示，计划在2月24日分拆一周年前出售剩余的750万股闪迪股份。公告 发布后，闪迪股价延续周二颓势，盘后下挫超2%。 全球闪存短缺推动DRAM价格自去年9月 ...

Western Digital is looking to cash in on Sandisk by selling shares of the company it spun off roughly a year ago. ...

具体的债务规模、交换比例以及交易完成时间表尚未披露。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 2月17日，闪迪宣布启动大规模二级市场股票发行，涉及金额高达30.8亿美元。 闪迪此次二级公开发行规模为30.8亿美元，采用普通股形式。二级发行意味着股票并非由公司新发行， 而是由现有股东出售所持股份。 根据公告，西部数据将以闪迪股份交换其持有的债务，使得西部数据能够通过股权方式处置对闪迪的债 权。 ...

来源：滚动播报 西部数据将通过出售闪迪股份筹资30.9亿美元。 ...

Core Insights - The article discusses the cyclical nature of demand and pricing in the technology sector, particularly focusing on Sandisk Corporation (SNDK), highlighting how increased demand leads to rising prices and cash flows, followed by a loss of capital discipline among management teams [1] Group 1: Investment Strategy - Pythia Research emphasizes a multi-disciplinary approach to identify high-potential stocks, combining financial analysis with behavioral finance and alternative metrics [1] - The strategy aims to uncover breakout opportunities before they gain mainstream attention, focusing on market sentiment and emerging trends [1] - The firm analyzes psychological factors affecting investor behavior, such as herd mentality and recency bias, to identify mispricing that may signal the start of a breakout [1] Group 2: Research Methodology - The research process includes looking for sudden shifts in narrative, early social traction, and underappreciated momentum in user adoption as indicators of potential exponential growth [1] - The focus is on conviction plays with a favorable risk/reward profile, aiming for limited downside and explosive upside [1] - The belief is that the best returns come from recognizing where investor belief lags behind reality [1]

Sandisk is currently enjoying a moment in the spotlight as investors flock toward artificial intelligence (AI) memory storage stocks.Since ChatGPT's commercial launch on Nov. 30, 2022, shares of semiconductor giant Nvidia (NVDA 2.21%) have rocketed over 1,000%. The artificial intelligence (AI) revolution has ushered in a wave of unprecedented demand for Nvidia's graphics processing units (GPU) -- the hardware backbone on which AI models are trained.While Nvidia remains king of the AI realm, rising infrastru ...