Borse Dubai launches secondary offering of 26.96M Nasdaq shares at $59; to hold ~10.8%

NASDAQ, INC.

Borse Dubai to sell 26,956,522 shares of Nasdaq common stock at $59.00 per share in a secondary offering.
Borse Dubai granted underwriters a 30-day option to purchase up to an additional 4,043,478 shares.
Post-offering, Borse Dubai expected to hold ~62.4M shares, or 10.8% of Nasdaq's outstanding (10.1% if option exercised).
Borse Dubai agrees to an 18-month lock-up on its remaining shares and retains board nomination right if it holds ≥10%.
Nasdaq will not receive any proceeds; all proceeds go to Borse Dubai; offering expected to close March 22.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

NASDAQ, INC. amended Amendment No. 2 with Borse Dubai Limited (effective 2024-03-19).

Action: amendment
Counterparty: Borse Dubai Limited
Effective: 2024-03-19

Exact text from the filing

On March 19, 2024, Nasdaq, Inc. (the “Company”) entered into an Amendment No. 2 (the “Amendment”) to the Stockholders’ Agreement (the “Agreement”), dated as of February 19, 2009, by and between the Company and Borse Dubai Limited (the “Selling Stockholder”), as amended.

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Source: SEC EDGAR

accession 0001193125-24-072138

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