Summary by Futu AI
IBM Corp has filed with the Securities and Exchange Commission (SEC) on January 29, 2024, for the registration of various debt securities under a shelf registration process. These securities, which may be offered in multiple series, will be fully and unconditionally guaranteed by IBM. The offerings may include warrants for the purchase of debt securities, preferred stock, or capital stock, and may be sold through underwriters, agents, or directly to purchasers. IBM International Group Capital LLC and IBM International Capital Pte. Ltd., both subsidiaries of IBM, are also involved in the registration, with the former being a Delaware limited liability company and the latter a Singapore private company limited by shares. The proceeds from the sale of these securities are intended for general corporate purposes, which may include debt repayment or investment in subsidiaries. The debt securities will be unsecured obligations and will rank equally with other unsecured and unsubordinated indebtedness of the issuing entities.