Dynatrace Announces Pricing of Public Offering by Selling Stockholders
November 15 2023 - 8:37AM
Business Wire
Dynatrace (NYSE: DT), the leader in unified observability and
security, today announced the pricing of an underwritten public
offering of 10,000,000 shares of common stock by certain selling
stockholders of Dynatrace. In addition, such selling stockholders
have granted the underwriter a 30-day option to purchase up to an
additional 1,500,000 shares at the public offering price, less
underwriting discounts and commissions. The offering is expected to
close on November 17, 2023, subject to customary closing
conditions.
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.
A registration statement on Form S-3 (including a prospectus and
preliminary prospectus supplement describing the terms of the
offering) relating to these securities has been filed with the
Securities and Exchange Commission (the “SEC”) and became effective
upon such filing. The offering is being made only by means of a
prospectus and prospectus supplement. Copies of the prospectus and
final prospectus supplement relating to this offering may be
obtained, when available, by visiting the SEC’s website at
www.sec.gov or 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.
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 prospectus and final prospectus supplement 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114189554/en/
Investor Contact: Noelle Faris VP, Investor Relations
Noelle.Faris@dynatrace.com
Media Relations: Jerome Stewart VP, Communications
Jerome.Stewart@dynatrace.com
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