Here are the 424B prospectus supplements from Csquare, Inc. (CSQR) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow CSQR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CSQR filings page.
Csquare, Inc., a North American data-center operator, is conducting an initial public offering of 50,000,000 shares of common stock at $21.00 per share, for gross proceeds of $1.05 billion. An additional 7,500,000 shares may be sold under an over-allotment option.
The company expects net proceeds of about $1.01 billion, primarily to repay $921.0 million of borrowings under its revolving credit facility, a promissory note and variable funding notes, with the balance used to repay Series 2020-2 Class A-2 notes and offering expenses. After the IPO, 155,020,702 shares of common stock will be outstanding.
Csquare operates 64 sites across 21 metro markets with 389 MW of Sellable Power Capacity, serving more than 1,700 customers and generating largely recurring colocation and interconnection revenue. For the six months ended June 30, 2026, it preliminarily estimates revenues of $546.7–$552.2 million, Adjusted EBITDA of $221.1–$231.2 million, and a net loss of $111.7–$122.7 million.
Following the offering, Brookfield-related entities will beneficially control approximately 69.0% of the voting power, making Csquare a “controlled company” under NYSE rules and allowing certain corporate governance exemptions.