Summary by Moomoo AI
GlobalFoundries Inc. has successfully closed its previously announced underwritten secondary offering on May 28, 2024. The offering involved the sale of 18,719,211 ordinary shares at a public price of $50.75 per share. The shares were sold by Mubadala Technology Investment Company, with GlobalFoundries not receiving any proceeds from the sale. Additionally, GlobalFoundries agreed to repurchase 3,940,886 ordinary shares from the underwriters at the same public offering price. The underwriters, led by Morgan Stanley & Co. LLC and BofA Securities, Inc., have a 30-day option to buy up to an additional 2,216,748 shares. The details of the underwriting agreement are disclosed in an attached exhibit to the company's Form 6-K filed with the SEC.
