Dynatrace Launches Proposed Public Offering by Selling Stockholders
15 Novembre 2023 - 1:15PM
Business Wire
Dynatrace (NYSE: DT), the leader in unified observability and
security, today announced the commencement of an underwritten
public offering of 10,000,000 shares of common stock by certain
selling stockholders of Dynatrace. Such selling stockholders will
also grant the underwriter a 30-day option to purchase up to an
additional 1,500,000 shares of Dynatrace’s common stock. Dynatrace
will not receive any of the proceeds from the sale of the shares
being offered by the selling stockholders but will bear the costs
associated with the registration of such shares, other than
underwriting discounts and commissions and other similar
expenses.
BofA Securities is acting as the sole underwriter for the
offering.
BofA Securities may offer the shares of common stock from time
to time in one or more transactions on the New York Stock Exchange,
in the over-the-counter market, through negotiated transactions or
otherwise at market prices prevailing at the time of sale, at
prices related to prevailing market prices or at negotiated prices.
The offering is subject to market and other conditions, and there
can be no assurance as to whether or when the offering may be
completed or as to the actual size or terms of the offering.
A registration statement on Form S-3 relating to these
securities has been filed with the Securities and Exchange
Commission (the “SEC”) and became effective upon such filing. The
proposed offering will be made only by means of a prospectus and
prospectus supplement. A copy of the preliminary prospectus
supplement relating to this offering may be obtained, when
available, by visiting the SEC’s website at www.sec.gov or by
contacting the offices of BofA Securities, NC1-022-02-25, 201 North
Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus
Department, Email: dg.prospectus_requests@bofa.com. The final terms
of the offering will be disclosed in a final prospectus supplement
to be filed with the SEC.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there
be any offer or sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the
securities laws of any such state or jurisdiction.
About Dynatrace
Dynatrace exists to make the world’s software work perfectly.
Our unified platform combines broad and deep observability and
continuous runtime application security with the most advanced
AIOps to provide answers and intelligent automation from data at an
enormous scale. This enables innovators to modernize and automate
cloud operations, deliver software faster and more securely, and
ensure flawless digital experiences. That’s why the world’s largest
organizations trust the Dynatrace® platform to accelerate digital
transformation.
Forward Looking Statements
This press release includes certain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, including among other things, statements concerning the
completion of the public offering. These forward-looking statements
include, but are not limited to, plans, objectives, expectations
and intentions and other statements contained in this press release
that are not historical facts and statements identified by words
such as “will,” “expects,” “anticipates,” “intends,” “plans,”
“believes,” “seeks,” “estimates” or words of similar meaning. These
forward-looking statements reflect our current views about our
plans, intentions, expectations, strategies and prospects, which
are based on the information currently available to us and on
assumptions we have made. Although we believe that our plans,
intentions, expectations, strategies and prospects as reflected in
or suggested by those forward-looking statements are reasonable, we
can give no assurance that the plans, intentions, expectations or
strategies will be attained or achieved. Furthermore, actual
results may differ materially from those described in the
forward-looking statements and will be affected by a variety of
risks and factors that are beyond our control, including, without
limitation, market risks and uncertainties and the satisfaction of
customary closing conditions for an offering of securities, and
other risks set forth under the caption “Risk Factors” in
Dynatrace’s Annual Report on Form 10-K and its Quarterly Reports on
Form 10-Q, the preliminary prospectus related to the public
offering and in subsequent filings made by Dynatrace with the SEC.
We assume no obligation to update any forward-looking statements
contained in this document as a result of new information, future
events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231114075461/en/
Investor Contact: Noelle Faris VP, Investor Relations
Noelle.Faris@dynatrace.com
Media Relations: Jerome Stewart VP, Marketing
Jerome.Stewart@dynatrace.com
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