Q2 Holdings, Inc. Announces Upsizing and Pricing of Public Offering of Common Stock
13 Mai 2020 - 6:12AM
Business Wire
Q2 Holdings, Inc. (“Q2”) (NYSE: QTWO), a leading provider of
digital transformation solutions for banking and lending, today
announced the pricing of its public offering of 4,117,647 shares of
its common stock at a price to the public of $76.50 per share. In
addition, the underwriters have been granted a 30-day option to
purchase up to 500,000 additional shares from certain selling
stockholders and 117,647 additional shares from Q2. The offering
was upsized from the previously announced $275,000,000 of shares of
common stock and is expected to close on May 15, 2020, subject to
customary closing conditions.
J.P. Morgan, Citigroup, Stifel and SunTrust Robinson Humphrey
are serving as joint book-running managers for the offering.
Q2 intends to use the net proceeds from the public offering for
general corporate purposes, including working capital, capital
expenditures, potential acquisitions and strategic transactions;
however, Q2 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 final prospectus supplement, when available, 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, Q2 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
offering, such uncertainties and circumstances include whether Q2
will consummate the public offering of common stock, and the use of
the net proceeds from the offering. Various factors could also
adversely affect Q2’s operations, business or financial results in
the future and cause Q2’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 Q2’s Quarterly Report on Form 10-Q for the fiscal
quarter ended March 31, 2020, each 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/20200512005996/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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