Jamf Announces Launch of Proposed Follow-on Offering of Common Stock by Selling Shareholders
16 November 2020 - 11:05PM
Jamf Holding Corp. (“Jamf”) (NASDAQ: JAMF), the standard in Apple
Enterprise Management, today announced the commencement of a public
follow-on offering of its common stock by certain of its selling
shareholders. The selling shareholders are offering 10,000,000
shares of Jamf common stock pursuant to a registration statement on
Form S-1 filed with the Securities and Exchange Commission (the
“SEC”). Certain of the selling shareholders also intend to grant
the underwriters the right to purchase up to an additional
1,500,000 shares on the same terms and conditions. Jamf will not
receive any proceeds from the sale of shares by the selling
shareholders, and will not issue any shares of its common stock in
the offering.
Goldman Sachs & Co. LLC, J.P. Morgan, BofA Securities and
Barclays are acting as lead book-running managers for the proposed
offering.
The proposed offering will be made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
offering may be obtained from: Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, NY
10282, by telephone at 1-866-471-2526, or by e-mail at
prospectus-ny@ny.email.gs.com; or J.P. Morgan, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
telephone: 1-866-803-9204, or by emailing
prospectus-eq_fi@jpmchase.com; or BofA Securities, NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte, NC 28255-0001,
Attention: Prospectus Department, or by e-mail at
dg.prospectus_requests@bofa.com; or Barclays, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
telephone: 1-888-603-5847, or email:
Barclaysprospectus@broadridge.com.
A registration statement relating to these securities has been
filed with the SEC, but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding our financial outlook and market
positioning. Forward-looking statements give our current
expectations and projections relating to our financial condition,
results of operations, plans, objectives, future performance and
business. You can identify forward-looking statements by the fact
that they do not relate strictly to historical or current facts.
These statements may include words such as “anticipate,”
“estimate,” “expect,” “project,” “plan,” “intend,” “believe,”
“may,” “will,” “should,” “can have,” “likely” and other words and
terms of similar meaning in connection with any discussion of the
timing or nature of future operating or financial performance or
other events. All forward-looking statements are subject to risks
and uncertainties that may cause actual results to differ
materially from those that we expected, including: the impact on
our operations and financial condition from the effects of the
current COVID-19 pandemic; the potential impact of customer
dissatisfaction with Apple or other negative events affecting Apple
services and devices, and failure of enterprises to adopt Apple
products; the potentially adverse impact of changes in features and
functionality by Apple on our engineering focus or product
development efforts; changes in our continued relationship with
Apple; the fact that we are not party to any exclusive agreements
or arrangements with Apple; our reliance, in part, on channel
partners for the sale and distribution of our products; risks
associated with cyber-security events; the impact of reputational
harm if users perceive our products as the cause of device failure;
our ability to successfully develop new products or materially
enhance current products through our research and development
efforts; our ability to continue to attract new customers; our
ability to retain our current customers; our ability to sell
additional functionality to our current customers; our ability to
meet service-level commitments under our subscription agreements;
our ability to correctly estimate market opportunity and forecast
market growth; risks associated with failing to continue our recent
growth rates; our dependence on one of our products for a
substantial portion of our revenue; our ability to scale our
business and manage our expenses; our ability to change our pricing
models, if necessary to compete successfully; the impact of delays
or outages of our cloud services from any disruptions, capacity
limitations or interferences of third-party data centers that host
our cloud services, including AWS; our ability to maintain, enhance
and protect our brand; our ability to maintain our corporate
culture; the ability of Jamf Nation to thrive and grow as we expand
our business; the potential impact of inaccurate, incomplete or
misleading content that is posted on Jamf Nation; our ability to
offer high-quality support; risks and uncertainties associated with
potential acquisitions and divestitures, including, but not limited
to, disruptions to ongoing operations; diversions of management
from day-to-day responsibilities; adverse impacts on our financial
condition; failure of an acquired business to further our strategy;
uncertainty of synergies; personnel issues; resulting lawsuits and
issues unidentified in diligence processes; our ability to predict
and respond to rapidly evolving technological trends and our
customers' changing needs; our ability to compete with existing and
new companies; the impact of adverse general and industry-specific
economic and market conditions; the impact of reductions in IT
spending; the impact of real or perceived errors, failures or bugs
in our products; the impact of interruptions or performance
problems associated with our technology or infrastructure; our
ability to attract and retain highly qualified personnel; risks
associated with competitive challenges faced by our customers; the
impact of statutory and regulatory determinations on our offerings
to governmental entities; risks associated with stringent and
changing privacy laws, regulations and standards, and information
security policies and contractual obligations related to data
privacy and security; the impact of any catastrophic events; and,
risks associated with our financial results or difficulty in
predicting our financial results due to our revenue recognition.
Given these factors, as well as other variables that may affect
Jamf’s operating results, you should not rely on forward-looking
statements, assume that past financial performance will be a
reliable indicator of future performance, or use historical trends
to anticipate results or trends in future periods. The
forward-looking statements included in this press release and on
the related teleconference call relate only to events as of the
date hereof. Jamf undertakes no obligation to update or revise any
forward-looking statement as a result of new information, future
events or otherwise, except as otherwise required by law.
About Jamf
Jamf, the standard in Apple Enterprise Management, extends the
legendary Apple experience people love to businesses, schools and
government organizations through its software and the world’s
largest online community of IT admins focused exclusively on Apple,
Jamf Nation.
Investor Contact:
Jennifer Gaumondir@jamf.com
Media Contact:
Rachel Nauenmedia@jamf.com
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