Summary by Moomoo AI
GlobalFoundries Inc. (GlobalFoundries), a leading semiconductor foundry, has filed a Form F-3 registration statement with the U.S. Securities and Exchange Commission (SEC) on May 22, 2024. The filing pertains to the potential sale of ordinary shares by Mubadala Technology Investment Company (MTIC) and MTI International Investment Company LLC (MTIIIC), subsidiaries of Mubadala Investment Company PJSC (MIC), collectively known as Mubadala. The registration statement indicates that the sale of ordinary shares may occur from time to time after the effective date of the registration statement. The ordinary shares are listed on the Nasdaq Global Select Market under the symbol 'GFS.' The last reported sale price of GlobalFoundries' ordinary shares on Nasdaq was $54.84 per share as of May 21, 2024. The company will not receive any proceeds from the sale of shares by Mubadala. The registration statement includes details about the company, the selling shareholders, the plan of distribution, and legal matters, among other information. The filing also includes financial statements and acknowledges material weaknesses in internal control over financial reporting.