424B5
Offering supplement
✓ VerifiedCorning launched an at-the-market program to sell up to $2,000,000,000 of common stock through Goldman Sachs as sales agent, at a 1.00% commission on gross proceeds.
Filed Sep 11, 2026 · 12:23 ET
Summary
- Corning entered an equity distribution agreement with Goldman Sachs & Co. LLC to offer and sell common stock with an aggregate offering price of up to $2,000,000,000 from time to time.
- Sales will be made as at-the-market offerings under Rule 415, including ordinary brokers' transactions and block trades on the NYSE under the symbol GLW.
- The sales agent's compensation equals 1.00% of the gross proceeds of any common stock sold under the agreement.
- On September 8, 2026, the last reported sale price of Corning common stock was $165.96 per share.
- Corning had 861,388,331 shares outstanding as of July 24, 2026, and up to 873,439,428 would be outstanding after the offering, assuming sales of 12,051,097 shares at $165.96 per share.
- Corning intends to use net proceeds for general corporate purposes, which may include repurchases of common stock, dividends, debt repayment, financing acquisitions, working capital, capital expenditures and investments.
Key facts
- Maximum offering size
- $2,000,000,000
From the filing for Maximum offering size
“we may offer and sell common stock having an aggregate offering price of up to $2,000,000,000, from time to time through or to the sales agent”
- Sales agent
- Goldman Sachs & Co. LLC
From the filing for Sales agent
“We have entered into an equity distribution agreement (the "equity distribution agreement") with Goldman Sachs & Co. LLC, as our sales agent”
- Agent commission
- 1.00% of gross proceeds
From the filing for Agent commission
“will be equal to 1.00% of the gross proceeds of any common stock sold under the equity distribution agreement”
- Last reported sale price
- $165.96 per share
From the filing for Last reported sale price
“On September 8, 2026, the last reported sale price of our common stock was $165.96 per share.”
- Shares outstanding
- 861,388,331 shares as of July 24, 2026
From the filing for Shares outstanding
“based on 861,388,331 shares of our common stock outstanding as of July 24, 2026”
- Shares outstanding after offering
- Up to 873,439,428 shares
From the filing for Shares outstanding after offering
“Up to 873,439,428 shares of common stock, assuming sales of 12,051,097 shares of common stock in this offering at a price of $165.96 per share”
- Par value
- $0.50 per share
From the filing for Par value
“shares of our common stock, par value $0.50 per share”
- Prospectus date
- September 11, 2026
From the filing for Prospectus date
“The date of this prospectus supplement is September 11, 2026.”
Why it mattersThe program gives Corning a standing mechanism to raise up to $2 billion in equity capital opportunistically, which may fund buybacks, dividends, debt reduction, acquisitions and capital spending.
- Filed
- Sep 11, 2026
- Accepted
- 2026-09-11 16:23Z
- Accession no.
- 0001193125-26-389313
- Size
- 692 KB
- Index
- Filing index