GlobalFoundries Announces Launch of $950 Million Secondary Offering of Ordinary Shares, Including Concurrent $200 Million Share Repurchase

May 22, 2024

https://www.globenewswire.com/news-release/2024/05/22/2886854/0/en/GlobalFoundries-Announces-Launch-of-950-Million-Secondary-Offering-of-Ordinary-Shares-Including-Concurrent-200-Million-Share-Repurchase.html

MALTA, N.Y., May 22, 2024 (GLOBE NEWSWIRE) — GlobalFoundries Inc. (“GlobalFoundries” or “GF”) (Nasdaq:GFS) today announced the launch of a secondary public offering of $950 million of its ordinary shares (including a $200 million share repurchase, as described below). All of the shares in the offering are being offered by Mubadala Technology Investment Company (the “Selling Shareholder”). The Selling Shareholder is a wholly owned subsidiary of Mubadala Investment Company PJSC (which, together with its affiliates, is GlobalFoundries’ largest shareholder). The Selling Shareholder is expected to grant the underwriters a 30-day option to purchase up to an additional $112.5 million of GlobalFoundries’ ordinary shares (equal to 15% of the initial ordinary shares being sold to the public).

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