Report of Foreign Issuer (6-k)
November 14 2016 - 5:07PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF
1934
For the month of
November, 2016
Commission File Number 001-36535
GLOBANT S.A.
(Exact name of registrant as specified in
its charter)
GLOBANT S.A.
(Translation of registrant's name into English)
37A Avenue J.F. Kennedy
L-1855, Luxembourg
Tel: + 352 48 18 28 1
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F
|
or Form 40-F:
|
x
Form 20-F
|
¨
Form 40-F
|
|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
|
Regulation S-T Rule 101(b)(1):
|
____
|
|
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
|
Regulation S-T Rule 101(b)(7):
|
____
|
GLOBANT S.A.
FORM 6-K
ENTRY INTO STOCK PURCHASE
AGREEMENT. ACQUISITION OF L4 MOBILE.
On November
14, 2016, Globant S.A. (the “Company”) entered into a definitive stock purchase agreement (the “Stock Purchase
Agreement”) to purchase 100% of the membership interests of L4 Mobile, LLC (“L4”), a leading digital services
company based in Seattle that creates innovative experiences.
As consideration
for the membership interests of L4, the Company agreed to pay: (i) $11 million in cash concurrently with the execution of the Stock
Purchase Agreement; and (ii) earn-out payments of up to $9 million in the aggregate, contingent upon L4’s achievement of
specified revenue and profit milestones for the quarter ending on December 31, 2016 and each of the years ending on December 31,
2017 and December 31, 2018. Additionally, pursuant to the terms of the transaction, the majority of the sellers of L4’s membership
interests agreed to use up to 30% of the initial payment to subscribe for shares of the Company, at a subscription price per share
of the volume weighted average trading price of the Company’s stock during the 60-day period prior to the closing, as quoted
by the New York Stock Exchange (NYSE).
On November
14, 2016, the Company issued a press release announcing the execution of the Stock Purchase Agreement. A copy of the press release
is furnished as Exhibit 99.1 to this Report on Form 6-K.
Globant S.A. is furnishing under the cover
of Form 6-K the following:
Exhibit 99.1
|
Press release, dated November 14, 2016, entitled “Globant acquires L4 to strengthen its lead position in the digital services space.”
|
Signatures
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
GLOBANT S.A.
|
|
|
|
|
|
|
|
By:
|
/s/ ALEJANDRO SCANNAPIECO
|
|
|
Name: Alejandro Scannapieco
|
|
|
Title: Chief Financial Officer
|
Date: November
14, 2016
Globant (NYSE:GLOB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Globant (NYSE:GLOB)
Historical Stock Chart
From Apr 2023 to Apr 2024