GlobalFoundries Prices 20 Million Share Secondary Offering-March 2024-www.financetom.com

GlobalFoundries Prices 20 Million Share Secondary Offering

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GlobalFoundries Prices 20 Million Share Secondary Offering

Mar 12, 2026 1:46 AM

04:13 AM EDT, 03/12/2026 (MT Newswires) -- GlobalFoundries ( GFS ) said late Wednesday it priced a secondary public offering of 20 million shares at $42 per share offered by Mubadala Technology Investment, a subsidiary of Mubadala Investment Company.

The company said selling shareholder also granted underwriters a 30-day option to buy up to 3 million additional shares.

The offering is expected to close on Friday, the company added.

GlobalFoundries ( GFS ) said it will not receive any proceeds from the share sale but will repurchase $300 million of shares from the underwriters at the same price as part of its $500 million share buyback program approved in February.

The repurchase will be funded with cash on hand and is expected to close alongside the offering, it added.

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