Overview

• The AI chipmaker asked the SEC to withdraw its Sept. 30, 2024 Form S-1, which was never declared effective and under which no shares were sold.
• In an Oct. 3 letter, the company requested that registration fees be credited for future use and that supplemental materials be returned or destroyed.
• Feldman said the company still intends to go public after updating financials and strategy disclosures to reflect changes in its cloud and inference business.
• Days earlier, Cerebras closed a $1.1 billion Series G led by Fidelity and Atreides that set an $8.1 billion valuation and expanded its investor base.
• The IPO process previously faced delays tied to a national-security review of a $335 million investment from Abu Dhabi-based G42, a major customer and backer.