Rackspace Technology, Inc. announced a set of financing and liquidity actions, including a new at-the-market equity program and an extension of its accounts receivable securitization facility, while also releasing preliminary second-quarter 2026 financial results. On July 9, 2026, Rackspace entered into an Equity Distribution Agreement with Goldman Sachs & Co. LLC to establish an at-the-market, or ATM, offering program. Under the agreement, Rackspace may sell shares of its common stock, par value $0.01 per share, with an aggregate offering price of up to $250 million. Goldman Sachs will act as sales agent, or may purchase shares as principal under separately agreed terms. Any sales will be made under Rackspace’s shelf registration statement and related July 9, 2026 prospectus supplement. The ATM program gives Rackspace flexibility to raise equity capital over time rather than through a single underwritten offering. Sales may be made by methods considered “at the market offerings” under Rule 415(a)(4), or by other lawful methods, subject to Rackspace’s instructions on price, timing, size and other parameters. Goldman Sachs will receive a commission of 1.5% of the gross proceeds from each sale. Rackspace emphasized that it is not obligated to sell any shares, and Goldman Sachs is not obligated to buy or sell shares; either party may suspend or terminate the program subject to notice and other conditions. Separately, on July 2, 2026, Rackspace amended and extended its receivables purchase facility. Rackspace Receivables II LLC, Rackspace Receivables Canada Limited, certain Rackspace subsidiaries acting as originators and servicers, PNC Bank, National Association as administrative agent and purchaser, and PNC Capital Markets LLC as structuring agent entered into an Omnibus Amendment and Waiver to the Receivables Purchase Agreement originally dated September 29, 2023. The amendment extends the facility’s scheduled termination date from September 29, 2026 to July 2, 2029. The receivables facility amendment also permits the facility limit to be increased by up to $50 million, from $300 million to a maximum of $350 million, subject to the agreement’s terms and conditions. It also revises early termination provisions to refer to the earliest scheduled maturity of the revolving facilities under Rackspace’s first lien credit agreement, or any revolving facility that refinances or replaces it. The filing treats this amendment as relevant both to a material definitive agreement and to an off-balance-sheet financial obligation. Rackspace also reported preliminary financial results for the quarter ended June 30, 2026. The company expects second-quarter revenue of $641 million to $649 million, including Private Cloud revenue of $242 million to $246 million and Public Cloud revenue of $399 million to $403 million. It expects a GAAP net loss of $62 million to $91 million, equal to a diluted loss per share of $0.25 to $0.36. GAAP loss from operations is expected to range from $33 million to $53 million. On a non-GAAP basis, Rackspace expects operating profit of $19 million to $23 million, non-GAAP loss per share of $0.08 to $0.11, and adjusted EBITDA of $58 million to $62 million. The company also provided a reconciliation framework for non-GAAP measures, noting adjustments such as share-based compensation, transaction-related adjustments, restructuring and transformation expenses, gains or losses on divestitures and investments, gains on debt extinguishment, interest expense impacts from the March 2024 refinancing transactions, foreign currency-related adjustments, amortization of acquisition-related intangible assets, and tax effects. Rackspace cautioned that the second-quarter figures are preliminary and based on information available to management as of July 9, 2026. The company said the results remain subject to completion of financial closing procedures, quarter-end review processes and other developments before final results are reported. KPMG LLP, Rackspace’s independent registered public accounting firm, has not audited, reviewed, examined, compiled or applied agreed-upon procedures to the preliminary results and expressed no assurance on them. Together, the filing shows Rackspace seeking additional balance-sheet flexibility through both equity and receivables-based financing while previewing another quarter of GAAP losses but positive adjusted EBITDA. The ATM program could provide up to $250 million in potential equity proceeds if used, while the receivables amendment extends a key liquidity facility by nearly three years and creates capacity for a possible $50 million increase.