Dynatrace Launches Proposed Public Offering by Selling Stockholders
February 07 2023 - 04:27PM
Business Wire
Software intelligence company, Dynatrace, Inc. (NYSE: DT),
announced today the commencement of an underwritten public offering
of 15,000,000 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 2,250,000 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 when filed on August 3,
2020. 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, NC1-004-03-43, 200 North
College Street, 3rd floor, 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 software intelligence 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 is
why the world’s largest organizations trust Dynatrace® to
accelerate digital transformation.
Forward Looking Statements
This press release contains forward looking statements,
including among other things, statements concerning the completion
of the public offering, and other statements identified by words
such as “could,” “expects,” “intends,” “may,” “plans,” “potential,”
“should,” “will,” “would,” or similar expressions and the negatives
of those terms. Forward-looking statements are not promises or
guarantees of future performance, and are subject to a variety of
risks and uncertainties, many of which are beyond Dynatrace’s
control. 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 heading “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.
Forward-looking statements speak only as of the date hereof, and,
except as required by law, Dynatrace undertakes no obligation to
update or revise these forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230205005067/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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