Oracle cashless exercise of Bloom warrant issues 1.9 million shares

On May 1, 2026 Oracle completed a cashless exercise of its Bloom warrant, and Bloom issued 1,905,433 common shares. Bloom also agreed to issue 248,798 extra shares as an inducement for Oracle to choose net settlement, which left fewer shares outstanding overall. Bloom put the value of the shares issued at $324.4 million and booked $311.0 million to additional paid-in capital in the second quarter, with a $5.0 million reduction to Q2 revenue.

• Exercise date May 1, 2026, cashless (net settlement)
• 1,905,433 shares issued plus 248,798 inducement shares
• Aggregate fair value of shares issued $324.4 million
• Q2 2026 revenue reduced by $5.0 million