Barclays Capital Inc. v. Theflyonthewall.com, Inc.

Dell Technologies Announces Pricing Terms for Cash Tender Offers for Certain Outstanding Debt Securities

Retrieved on: 
Friday, June 30, 2023

The aggregate principal amount of all Securities validly tendered and not validly withdrawn by the Early Tender Deadline exceeds the aggregate tender cap of $1.0 billion (the "Aggregate Tender Cap").

Key Points: 
  • The aggregate principal amount of all Securities validly tendered and not validly withdrawn by the Early Tender Deadline exceeds the aggregate tender cap of $1.0 billion (the "Aggregate Tender Cap").
  • Therefore, Dell does not expect to accept for purchase any tenders of Securities at Acceptance Priority Levels 2 through 5.
  • The information agent and tender agent for the Offers is Global Bondholder Services Corporation (the "Tender Agent").
  • The solicitation of offers to sell the Securities is only being made pursuant to the terms of the Offer to Purchase.

Nextracker Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares in Offering of Class A Common Stock

Retrieved on: 
Friday, June 30, 2023

Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that in connection with its previously announced underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker, the underwriters have exercised in full their option to purchase 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders at the offering price of $36.50 per share, less underwriting discounts and commissions.

Key Points: 
  • Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that in connection with its previously announced underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker, the underwriters have exercised in full their option to purchase 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders at the offering price of $36.50 per share, less underwriting discounts and commissions.
  • The net proceeds from the offering to Nextracker, after deducting the underwriting discounts and commissions and including proceeds from the underwriters’ exercise of the overallotment option, are expected to be approximately $552.01 million.
  • Nextracker will not receive any proceeds from the sale of the shares of the selling stockholders.
  • Truist Securities, HSBC, BNP PARIBAS, Mizuho, KeyBanc Capital Markets and Scotiabank are acting as joint book-running managers for the offering.

Nextracker Announces Full Exercise of Underwriters' Option to Purchase Additional Shares in Offering of Class A Common Stock

Retrieved on: 
Friday, June 30, 2023

AUSTIN, Texas, June 29, 2023 /PRNewswire/ -- Flex Ltd. (Nasdaq: FLEX) announced today that in connection with its previously announced underwritten offering of its subsidiary, Nextracker Inc. ("Nextracker") of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker, the underwriters have exercised in full their option to purchase 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders at the offering price of $36.50 per share, less underwriting discounts and commissions.

Key Points: 
  • AUSTIN, Texas, June 29, 2023 /PRNewswire/ -- Flex Ltd. (Nasdaq: FLEX) announced today that in connection with its previously announced underwritten offering of its subsidiary, Nextracker Inc. ("Nextracker") of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker, the underwriters have exercised in full their option to purchase 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders at the offering price of $36.50 per share, less underwriting discounts and commissions.
  • The net proceeds from the offering to Nextracker, after deducting the underwriting discounts and commissions and including proceeds from the underwriters' exercise of the overallotment option, are expected to be approximately $552.01 million.
  • Nextracker will not receive any proceeds from the sale of the shares of the selling stockholders.
  • Truist Securities, HSBC, BNP PARIBAS, Mizuho, KeyBanc Capital Markets and Scotiabank are acting as joint book-running managers for the offering.

Dell Technologies Announces Early Results for Cash Tender Offers for Certain Outstanding Debt Securities

Retrieved on: 
Friday, June 30, 2023

The aggregate principal amount of all Securities validly tendered and not validly withdrawn by the Early Tender Deadline exceeds the Aggregate Tender Cap.

Key Points: 
  • The aggregate principal amount of all Securities validly tendered and not validly withdrawn by the Early Tender Deadline exceeds the Aggregate Tender Cap.
  • Therefore, Dell does not expect to accept for purchase any tenders of Securities at Acceptance Priority Levels 2 through 5.
  • Holders of Securities validly tendered and not validly withdrawn at or prior to the Early Tender Deadline and accepted for purchase by Dell will be eligible to receive the Total Consideration, which includes an early tender premium of $50.00 per $1,000 principal amount of Securities validly tendered and not validly withdrawn by such Holders.
  • The information agent and tender agent for the Offers is Global Bondholder Services Corporation (the "Tender Agent").

Fidelis Insurance Holdings Limited Announces Pricing of Initial Public Offering

Retrieved on: 
Thursday, June 29, 2023

Fidelis Insurance Holdings Limited, a global (re)insurance company, headquartered in Bermuda with offices in Ireland and the United Kingdom (the “Company”), announced today the pricing of its initial public offering of an aggregate of 15,000,000 common shares at a price to the public of $14.00 per common share.

Key Points: 
  • Fidelis Insurance Holdings Limited, a global (re)insurance company, headquartered in Bermuda with offices in Ireland and the United Kingdom (the “Company”), announced today the pricing of its initial public offering of an aggregate of 15,000,000 common shares at a price to the public of $14.00 per common share.
  • In addition, the underwriters have been granted a 30-day option to buy up to an additional 2,250,000 common shares from the selling shareholders at the initial public offering price, less underwriting discounts and commissions.
  • JMP Securities, A Citizens Company and Dowling & Partners Securities are acting as co-managers for the offering.
  • The offering of the Company’s common shares is being made only by means of a prospectus.

Nextracker Announces Pricing of Offering of Class A Common Stock

Retrieved on: 
Thursday, June 29, 2023

Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that it priced its underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker at an offering price of $36.50 per share.

Key Points: 
  • Nextracker Inc. (Nasdaq: NXT) (“Nextracker”) announced today that it priced its underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker at an offering price of $36.50 per share.
  • In addition, the underwriters of the offering have been granted a 30-day option to purchase up to 1,650,000 additional shares of Common Stock at the offering price from Nextracker and such selling stockholders, less underwriting discounts and commissions.
  • Nextracker expects to use all of the net proceeds from its offering of 14,210,511 shares of Common Stock to purchase 14,210,511 Nextracker LLC common units from Yuma, Inc., an indirect wholly-owned subsidiary of Flex Ltd., and TPG Rise Flash, L.P., an affiliate of the global alternative asset management firm TPG.
  • Truist Securities, HSBC, BNP PARIBAS, Mizuho, KeyBanc Capital Markets and Scotiabank are acting as joint book-running managers for the offering.

Nextracker Announces Pricing of Offering of Class A Common Stock

Retrieved on: 
Thursday, June 29, 2023

AUSTIN, Texas, June 28, 2023 /PRNewswire/ -- Flex Ltd. (Nasdaq: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), priced its underwritten offering of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker at an offering price of $36.50 per share.

Key Points: 
  • AUSTIN, Texas, June 28, 2023 /PRNewswire/ -- Flex Ltd. (Nasdaq: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), priced its underwritten offering of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker at an offering price of $36.50 per share.
  • In addition, the underwriters of the offering have been granted a 30-day option to purchase up to 1,650,000 additional shares of Common Stock at the offering price from Nextracker and such selling stockholders, less underwriting discounts and commissions.
  • Nextracker expects to use all of the net proceeds from its offering of 14,210,511 shares of Common Stock to purchase 14,210,511 Nextracker LLC common units from Yuma, Inc., our indirect wholly-owned subsidiary, and TPG Rise Flash, L.P., an affiliate of the global alternative asset management firm TPG.
  • Truist Securities, HSBC, BNP PARIBAS, Mizuho, KeyBanc Capital Markets and Scotiabank are acting as joint book-running managers for the offering.

AST SpaceMobile, Inc. Announces Pricing of Upsized Offering of Class A Common Stock

Retrieved on: 
Wednesday, June 28, 2023

AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the pricing and upsizing of its previously announced public offering of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in an underwritten public offering.

Key Points: 
  • AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the pricing and upsizing of its previously announced public offering of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in an underwritten public offering.
  • The Company has agreed to sell 12,500,000 shares of Class A Common Stock for gross proceeds of approximately $59.4 million.
  • The offering is expected to close on June 30, 2023, subject to customary closing conditions.
  • The Company has granted the underwriter a 30-day option to purchase up to an additional 1,875,000 shares of Class A common stock.

AST SpaceMobile, Inc. Announces Launch of Offering of Class A Common Stock

Retrieved on: 
Tuesday, June 27, 2023

AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the launch of a public offering of 12,000,000 shares of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in an underwritten public offering.

Key Points: 
  • AST SpaceMobile, Inc. (NASDAQ: ASTS) (the “Company” or “AST SpaceMobile”) announced today the launch of a public offering of 12,000,000 shares of its Class A common stock, par value $0.0001 per share (the “Class A Common Stock”), in an underwritten public offering.
  • The Company will grant the underwriter a 30-day option to purchase up to an additional 1,800,000 shares of Class A common stock.
  • Barclays is acting as sole book-running manager and underwriter for the offering.
  • The offering of these securities will be made only by means of a prospectus supplement and the accompanying prospectus.

Nextracker Announces Launch of Offering of Class A Common Stock

Retrieved on: 
Monday, June 26, 2023

Nextracker Inc. (Nasdaq: NXT), a global market leader in utility-scale solar trackers, announced today that it has launched a proposed underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker.

Key Points: 
  • Nextracker Inc. (Nasdaq: NXT), a global market leader in utility-scale solar trackers, announced today that it has launched a proposed underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker.
  • The underwriters of the offering will also have a 30-day option to purchase up to 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders.
  • On June 23, 2023, the last reported sale price of Nextracker’s Common Stock on the Nasdaq Global Select Market was $38.63 per share.
  • The Common Stock may not be sold, nor may offers to buy any Common Stock be accepted, prior to the time the registration statement becomes effective.