SAN FRANCISCO, June 3, 2020 /PRNewswire/ -- Globant S.A. (NYSE:
GLOB), a digitally-native technology services company, today
announced that it intends to offer and sell 2,000,000 of its common
shares, subject to market and other conditions, in an underwritten
public offering. All of the common shares will be sold by Globant.
Globant intends to grant the underwriters a 30-day option to
purchase up to 300,000 additional common shares at
the public offering price, less the underwriting discounts and
commissions.
Globant intends to use the proceeds from this offering for
general corporate purposes, including working capital, operating
expenses and capital expenditures. In connection with the
advancement of its acquisition strategy, Globant may use a portion
of the proceeds from this offering to fund acquisitions.
J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC and
Citigroup are acting as joint lead book-running managers for the
offering.
The common shares described above are being offered by Globant
pursuant to its shelf registration statement on Form F-3 (File No.
333-225731) that became automatically effective upon filing with
the Securities and Exchange Commission (the "SEC")
on June 20, 2018. The offering will be made only by means of a
prospectus supplement and accompanying prospectus. Before making
any investment decision, you should read the prospectus supplement,
accompanying prospectus and other documents Globant has filed with
the SEC for more complete information about Globant and this
offering. You may obtain these documents for free by visiting EDGAR
on the SEC Web site at: www.sec.gov. Copies of the prospectus
supplement and accompanying prospectus may also be obtained by
contacting J.P. Morgan Securities LLC, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at
1-866-803-9204 or by email at prospectus-eq_fi@jpmchase.com;
Goldman Sachs & Co. LLC by mail at 200 West
Street, New York, NY 10282, Attention: Prospectus
Department, by telephone at (866) 471-2526, or by email
at prospectus-ny@ny.email.gs.com; or Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717 (Tel:
800-831-9146 or email to: Prospectus@citi.com).
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Globant
We are a digitally-native company where innovation, design and
engineering meet scale. We use the latest technologies in the
digital and cognitive fields to transform organizations in every
aspect.
- We are more than 12,500 professionals and we are present in 16
countries working for companies like Google, Rockwell Automation
and Electronic Arts, among others.
- We are featured as a business case study at Harvard, MIT and
Stanford.
- We are a member of the Cybersecurity Tech Accord.
Forward Looking Statements
Certain matters discussed in this press release are
"forward-looking statements". Globant may, in some cases, use terms
such as "predicts," "believes," "potential," "continue,"
"estimates," "anticipates," "expects," "plans," "intends," "may,"
"could," "might," "will," "should" or other words that convey
uncertainty of future events or outcomes to identify these
forward-looking statements. The forward-looking statements include,
but are not limited to, statements about Globant's public offering
and the anticipated use of proceeds therefrom. Actual results may
differ from those set forth in this press release due to the risks
and uncertainties inherent in Globant's business, including,
without limitation: the uncertainties related to market conditions
and the completion of the public offering on the anticipated terms
or at all, and the uncertainties inherent in the identification,
negotiation, consummation and integration of acquisitions of other
businesses; the impact and duration of the COVID-19 pandemic;
Globant's ability to maintain current resource utilization rates
and productivity levels; Globant's ability to manage attrition and
attract and retain highly-skilled IT professionals; Globant's
ability to accurately price its client contracts; Globant's ability
to achieve its anticipated growth; Globant's ability to effectively
manage its rapid growth; Globant's ability to retain its senior
management team and other key employees; Globant's ability to
continue to innovate and remain at the forefront of emerging
technologies and related market trends; Globant's ability to retain
its business relationships and client contracts; Globant's ability
to manage the impact of global adverse economic conditions; and
Globant's ability to manage uncertainty concerning the instability
in the current economic, political and social environment in
Latin America. The factors
discussed herein could cause actual results and developments to be
materially different from those expressed in or implied by such
statements. A further list and description of Globant's
risks, uncertainties and other factors can be found in the
Company's most recent Annual Report on Form 20-F and Globant's
subsequent filings with the SEC. Copies of these filings are
available online at www.sec.gov. The forward-looking
statements are made only as of the date of this press release and
Globant undertakes no obligation to publicly update such
forward-looking statements to reflect subsequent events or
circumstances. All forward-looking statements are qualified
in their entirety by this cautionary statement, which is made under
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995.
Contacts:
Investor Relations Contact:
Paula Conde & Amit Singh, Globant
investors@globant.com
+1 (877) 215-5230
Media Contact:
LucĂa Ledesma, Globant
pr@globant.com
+1 (877) 215-5230
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SOURCE Globant