From GlobeNewswire: 2024-05-22 23:53:00

GlobalFoundries Inc. is offering $950 million of its ordinary shares at $50.75 per share, with an option for an additional $112.5 million. The offering by Mubadala Technology Investment Company closes on May 28, 2024. Concurrently, GlobalFoundries will repurchase $200 million of the shares being offered. The underwriters for the offering include Morgan Stanley & Co. LLC and BofA Securities. The offering is made by means of a prospectus filed with the SEC. GlobalFoundries is a leading semiconductor manufacturer with a focus on innovation and performance in high growth markets worldwide.

Note: The news article includes more details about the offering, the selling shareholder, and the underwriters. For a more detailed summary, additional information can be included.



Read more at GlobeNewswire: GlobalFoundries Announces Pricing of $950 Million Secondary