Q2 Holdings, Inc. Announces Launch of Proposed Follow-on Offering of Common Stock
11 Mai 2020 - 10:29PM
Business Wire
Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital
transformation solutions for banking and lending, today announced
that it has commenced a roadshow to market its common stock in
connection with its proposed follow-on public offering of
$275,000,000 of shares. In addition, the underwriters will be
granted a 30-day option to purchase up to $41,250,000 of additional
shares from Q2.
J.P. Morgan, Citigroup, Stifel and SunTrust Robinson Humphrey
are serving as joint book-running managers for the offering.
The Company intends to use the net proceeds from the offering
for general corporate purposes, including working capital, capital
expenditures, potential acquisitions and strategic transactions;
however, the Company has not designated any specific uses and has
no current agreements with respect to any material acquisition or
strategic transactions.
A registration statement relating to the offering was filed with
the Securities and Exchange Commission on June 4, 2019, was amended
on May 11, 2020 and is effective. The offering will be made only by
means of a prospectus supplement and accompanying prospectus.
Copies of the preliminary prospectus supplement and the
accompanying prospectus may be obtained from: J.P. Morgan
Securities LLC, c/o: Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York 11717, or by telephone at (866)
803-9204; Citigroup, c/o: Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, or by telephone at (800)
831-9146; Stifel, Nicolaus & Company, Incorporated, Attention:
Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA
94104, or by telephone at (415) 364-2720; or SunTrust Robinson
Humphrey, Inc., Attention: Prospectus Department, 3333 Peachtree
Road NE, 9th Floor, Atlanta, Georgia 30326, or by telephone at
(404) 926-5744.
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.
Forward-looking Statements:
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995
regarding the planned offering. Words such as “anticipates,”
“estimates,” “expects,” “projects,” “forecasts,” “intends,”
“plans,” “will,” “believes” and words and terms of similar
substance used in connection with any discussion identify
forward-looking statements. These forward-looking statements are
based on management’s current expectations and beliefs about future
events and are inherently susceptible to uncertainty and changes in
circumstances. Except as required by law, the Company is under no
obligation to, and expressly disclaim any obligation to, update or
alter any forward-looking statements whether as a result of such
changes, new information, subsequent events or otherwise. With
respect to the proposed offering, such uncertainties and
circumstances include whether the Company will offer the common
stock or consummate the offering, and the use of the net proceeds
from the offering. Various factors could also adversely affect the
Company’s operations, business or financial results in the future
and cause the Company’s actual results to differ materially from
those contained in the forward-looking statements, including those
factors discussed in detail in the “Risk Factors” sections
contained in the Company's Quarterly Report on Form 10-Q for the
fiscal quarter ended March 31, 2020 filed with the Securities and
Exchange Commission and available on the SEC Filings section of the
Investor Services section of Q2’s website at
http://investors.q2ebanking.com/.
About Q2 Holdings, Inc.
Q2 is a secure, cloud-based digital transformation solutions
company headquartered in Austin, Texas. Since 2004, it has been our
mission to build stronger communities by strengthening their
financial institutions. Our digital banking solutions for deposits,
money movement, lending, leasing, security and fraud enable
financial institutions to deliver a better financial experience to
their account holders. Our bank and credit union customers, along
with emerging financial services providers, also benefit from
actionable data analytics and access to open technology tools.
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version on businesswire.com: https://www.businesswire.com/news/home/20200511005920/en/
MEDIA CONTACT: Beth
Williams Q2 Holdings,
Inc. O: 512.685.2023 beth.williams@q2ebanking.com
INVESTOR CONTACT: Josh
Yankovich or Steve Calk Q2
Holdings, Inc. O: (512) 682-4463 josh.yankovich@q2ebanking.com
stephen.calk@q2ebanking.com
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