Global-e Announces Pricing of Secondary Offering of Shares
September 10 2021 - 6:00AM
Global-e Online Ltd. (Nasdaq: GLBE) (the “Company” or “Global-e”),
the world's leading platform to enable and accelerate global,
direct-to-consumer cross-border e-commerce, today announced the
pricing of the previously announced underwritten secondary offering
by certain of its shareholders (the “Selling Shareholders”) of
12,000,000 of the Company’s ordinary shares at a price to the
public of $64.00 per share (the “Offering”). The Offering is
expected to close on or about September 14, 2021, subject to the
satisfaction of customary closing conditions. In addition, the
Selling Shareholders have granted the underwriters a 30-day option
to purchase up to an additional 1,800,000 ordinary shares at the
public offering price, less underwriting discounts. The Selling
Shareholders will receive all of the proceeds from the Offering.
Global-e is not selling any of its ordinary shares in the Offering
and will not receive any proceeds from the Offering, including from
any exercise by the underwriters of their option to purchase
additional ordinary shares.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC,
Jefferies LLC and BofA Securities are serving as lead book-running
managers for the Offering. The Offering will be made only by means
of a prospectus. A copy of the preliminary prospectus relating to
the Offering may be obtained from any of the following sources:
- Goldman Sachs & Co. LLC, 200
West Street, New York, New York 10282, Attn: Prospectus Department,
via telephone: 1-866-471-2526 or via email
at prospectus-ny@gs.com;
- Morgan Stanley & Co. LLC, 180
Varick Street, 2nd Floor, New York, New York 10014, Attn:
Prospectus Department;
- Jefferies LLC, Attention: Equity
Syndicate Prospectus Department, 520 Madison Avenue, New York, NY
10022; by phone at (877) 821-7388; or by e-mail
at Prospectus_Department@Jefferies.com;
- BofA Securities, NC1-004-03-43, 200
North College Street, 3rd floor, Charlotte NC 28255-0001, Attn:
Prospectus Department, or via email at
dg.prospectus_requests@bofa.com.
A registration statement on Form F-1 relating to these
securities was declared effective by the SEC on September 9, 2021.
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 Global-eGlobal-e is the world's leading
platform to enable and accelerate global, direct-to-consumer
cross-border e-commerce. The chosen partner of more than 520 global
brands and retailers across the United States, Europe and Asia,
Global-e makes selling internationally as simple as selling
domestically. Founded in 2013 by Amir Schlachet, Shahar Tamari and
Nir Debbi, the company enables e-commerce retailers to increase the
conversion of international traffic into sales by offering online
shoppers in over 200 destinations worldwide a seamless, localized
shopping experience. Global-e's end-to-end e-commerce solutions
combine best-in-class localization capabilities, big-data
best-practice business intelligence models, streamlined
international logistics and vast cross-border experience, enabling
international shoppers to buy seamlessly online and retailers to
sell from, and to, anywhere in the world.
Forward‐Looking StatementsThis press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Forward-looking
statements may be identified by the use of words such as “intend,”
“expect,” and “may,” and other similar expressions that predict or
indicate future events or that are not statements of historical
matters. Forward-looking statements are based on current
information available at the time the statements are made and on
management’s reasonable belief or expectations with respect to
future events, and are subject to risks and uncertainties, many of
which are beyond the Company’s control, that could cause actual
performance or results to differ materially from the belief or
expectations expressed in or suggested by the forward-looking
statements. Additional factors or events that could cause actual
results to differ may also emerge from time to time, and it is not
possible for the Company to predict all of them. Forward-looking
statements speak only as of the date on which they are made, and
the Company undertakes no obligation to update any forward-looking
statement to reflect future events, developments or otherwise,
except as may be required by applicable law. Investors are referred
to the Company’s registration statement for additional information
regarding the risks and uncertainties that may cause actual results
to differ materially from those expressed in any forward-looking
statement.
Press Contact:Headline MediaGarrett
KrivicichGlobale@headline.media+1 786 233 7684
Investor Contact:Erica Mannion or Mike
FunariSapphire Investor Relations, LLCIR@global-e.com+1
617-542-6180
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