Business Context and Reporting Period
This Form 6-K filing by Globant S.A. covers the month of June 2018, specifically reporting on a secondary share offering event. The filing details an underwriting agreement entered into on June 20, 2018, between Globant S.A. and WPP Luxembourg Gamma Three S.à r.l. (the "Selling Shareholder"), with Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC acting as underwriters.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the reporting period. The document focuses exclusively on the terms of a secondary equity offering.
- Shares Sold: 5,815,259 common shares initially, plus an additional 872,289 shares purchased under the underwriters' option.
- Total Shares Sold: 6,687,548 common shares.
- Offering Price: $52.00 per common share.
- Proceeds to Company: $0. The filing explicitly states that the Company will not receive any proceeds from this sale.
Material Changes
The primary material change reported is the reduction of the Selling Shareholder's (WPP Luxembourg Gamma Three S.à r.l.) equity stake in Globant S.A. through the sale of 6,687,548 shares. There are no reported changes to the Company's capital structure regarding new debt or equity issuance by the Company itself, as this was a secondary offering.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. It does not disclose specific risks or contingencies beyond the standard legal incorporation of the Underwriting Agreement and related exhibits. The document notes that the offer and sale were conducted under a prospectus supplement filed pursuant to a shelf registration statement on Form F-3.
Investor Verification Checklist
- Verify the exact number of shares sold by the Selling Shareholder (6,687,548 total) and confirm the impact on their remaining ownership percentage.
- Confirm that the Company received zero proceeds from this transaction, ensuring no dilution of cash reserves or capital raised.
- Review the attached Underwriting Agreement (Exhibit 1.1) for any lock-up agreements or specific conditions imposed on the Selling Shareholder.
- Check the press release (Exhibit 99.1) for any additional context regarding WPP's strategic reasons for the sale.