Dynatrace selling stockholders price 10M-share secondary offering at $50/share

Dynatrace, Inc.

Secondary offering of 10M shares of common stock priced at $50.00 per share by certain selling stockholders.
Underwriter BofA Securities granted a 30-day option to purchase up to an additional 1.5M shares.
Dynatrace will not receive any proceeds from the sale; costs borne by company except underwriting discounts.
Offering expected to close on November 17, 2023, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Dynatrace, Inc. entered into Underwriting Agreement with BofA Securities, Inc. valued at Sale of 10,000,000 shares of Common Stock at $50.00 per share; option for additional 1,500,000 share (effective 2023-11-15).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc.
Value: Sale of 10,000,000 shares of Common Stock at $50.00 per share; option for additional 1,500,000 share
Effective: 2023-11-15

Exact text from the filing

On November 15, 2023, Dynatrace, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., as underwriter (the “Underwriter”), and the selling stockholders named therein (the “Selling Stockholders”).

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Dynatrace, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-039391

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