HashiCorp Shareholders Vote to Approve Transaction with IBM
15 Juli 2024 - 10:05PM
HashiCorp Inc. (NASDAQ: HCP), a leading
multi-cloud infrastructure automation company, today announced that
at the Special Meeting of Stockholders (the “Special Meeting”) held
earlier today, based on preliminary voting results, HashiCorp
stockholders voted to approve the acquisition of HashiCorp by IBM
(NYSE: IBM).
“We are pleased to achieve this important milestone towards
officially joining IBM and thank our stockholders for their
support,” said Dave McJannet, HashiCorp chief executive office. “By
uniting two leading technology businesses with complementary
visions, this transaction provides an incredible opportunity to
accelerate HashiCorp's mission.”
The final voting results of the Special Meeting will be filed as
part of a Form 8-K with the U.S. Securities and Exchange
Commission. The transaction is expected to close by the end of
2024, subject to the remaining regulatory approvals and other
customary closing conditions under the merger agreement.
About HashiCorp
HashiCorp is The Infrastructure Cloud™ company, helping
organizations automate multi-cloud and hybrid environments with
Infrastructure Lifecycle Management and Security Lifecycle
Management. HashiCorp offers The Infrastructure Cloud on the
HashiCorp Cloud Platform (HCP) for managed cloud services, as
well as self-hosted enterprise offerings and community
source-available products. The company is headquartered in San
Francisco, California. For more information,
visit HashiCorp.com.
Press Contacts:Matthew Sherman / Jed
Repko / Haley Salas / Joycelyn BarnettJoele
Frank, Wilkinson Brimmer Katcher212-355-4449
Forward-Looking Statements
This communication may contain forward-looking statements that
involve risks and uncertainties, including statements regarding (i)
the pending acquisition of HashiCorp (the “Transaction”); (ii) the
expected timing of the closing of the Transaction; (iii)
considerations taken into account in approving and entering into
the Transaction; and (iv) expectations for HashiCorp following the
closing of the Transaction. There can be no assurance that the
Transaction will be consummated. Risks and uncertainties that could
cause actual results to differ materially from those indicated in
the forward-looking statements, in addition to those identified
above, include: (i) the possibility that the conditions to the
closing of the Transaction are not satisfied, including the risk
that required regulatory approvals to consummate the Transaction
are not obtained, on a timely basis or at all; (ii) the occurrence
of any event, change or other circumstance that could give rise to
a right to terminate the Transaction, including in circumstances
requiring HashiCorp to pay a termination fee; (iii) possible
disruption related to the Transaction to HashiCorp’s current plans,
operations and business relationships, including through the loss
of customers and employees; (iv) the amount of the costs, fees,
expenses and other charges incurred by HashiCorp related to the
Transaction; (v) the risk that HashiCorp’s stock price may
fluctuate during the pendency of the Transaction and may decline if
the Transaction is not completed; (vi) the diversion of HashiCorp
management’s time and attention from ongoing business operations
and opportunities; (vii) the response of competitors and other
market participants to the Transaction; (viii) potential litigation
relating to the Transaction; (ix) uncertainty as to timing of
completion of the Transaction and the ability of each party to
consummate the Transaction; and (x) other risks and uncertainties
detailed in the periodic reports that HashiCorp files with the SEC,
including HashiCorp’s Annual Report on Form 10-K. All
forward-looking statements in this communication are based on
information available to HashiCorp as of the date of this
communication, and, except as required by law, HashiCorp does not
assume any obligation to update the forward-looking statements
provided to reflect events that occur or circumstances that exist
after the date on which they were made.
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