Shares of Xerox Holdings Corporation (NASDAQ:XRX) slid 13.7% on Wednesday after the workplace technology group disclosed plans to raise as much as $250 million through a securities offering.
The sharp sell-off followed the release of a prospectus outlining potential issuances of common stock and warrants. In the filing, Xerox said the securities could be sold “through one or more underwriters, dealers or agents, through underwriting syndicates managed or co-managed by one or more underwriters, or directly to purchasers, on a continuous or delayed basis.”
The company did not provide details on the timing or precise structure of the offering. Xerox also noted that none of the securities other than its common stock would be listed on any exchange. Its shares are currently listed on the Nasdaq Global Select Market.
Xerox characterizes itself as a “workplace technology company, building and integrating service-led, software-enabled workplace solutions for enterprises large and small,” highlighting a focus on managing information and document workflows across both digital and physical environments while delivering “a seamless, secure, and sustainable experience.”
In the filing, the company pointed to its global footprint, serving customers across North America, Europe, Latin America, Brazil, Asia, the Middle East, Africa and India, and emphasized its ability to deliver technology and solutions to organizations of all sizes.
According to the prospectus, the last reported sale price of Xerox common stock was $2.72 per share on January 16, 2026.