GlobalFoundries Inc. announced the pricing of a significant secondary public offering of $950 million of its ordinary shares at $50.75 per share on May 22, 2024. The shares are being offered by Mubadala Technology Investment Company, a subsidiary of Mubadala Investment Company PJSC and GlobalFoundries' largest shareholder. Additionally, GlobalFoundries has agreed to repurchase $200 million worth of shares from the underwriters at the public offering price, using cash on hand. The offering and concurrent share repurchase are expected to close on May 28, 2024, subject to standard closing conditions. Notably, GlobalFoundries will not receive any proceeds from the offering as it is not selling any shares. The underwriters, including Morgan Stanley & Co. LLC and BofA Securities as book-running managers, have been granted an option to purchase up to an additional $112.5 million of shares. The offering is made through a prospectus, with the SEC having already filed the necessary registration statement.

GlobalFoundries Inc. announced the pricing of a significant secondary public offering of $950 million of its ordinary shares at $50.75 per share on May 22, 2024. The shares are being offered by Mubadala Technology Investment Company, a subsidiary of Mubadala Investment Company PJSC and GlobalFoundries' largest shareholder. Additionally, GlobalFoundries has agreed to repurchase $200 million worth of shares from the underwriters at the public offering price, using cash on hand. The offering and concurrent share repurchase are expected to close on May 28, 2024, subject to standard closing conditions. Notably, GlobalFoundries will not receive any proceeds from the offering as it is not selling any shares. The underwriters, including Morgan Stanley & Co. LLC and BofA Securities as book-running managers, have been granted an option to purchase up to an additional $112.5 million of shares. The offering is made through a prospectus, with the SEC having already filed the necessary registration statement.