SEC Filing Summary: SMART Global Holdings, Inc.
Business Context and Reporting Period
This Form 8-K Current Report was filed by SMART Global Holdings, Inc. (trading symbol: SGH) on July 13, 2021, covering events occurring on July 8, 2021. The company is incorporated in the Cayman Islands and its ordinary shares are listed on the Nasdaq Global Select Market.
Key Financial Metrics
The filing does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on a corporate transaction rather than periodic financial performance.
Material Changes
On July 8, 2021, the Company entered into an underwriting agreement with Morgan Stanley & Co. LLC. The agreement facilitates a public offering of 3,000,000 ordinary shares by certain Selling Shareholders. The Company will not receive any proceeds from this transaction, as the shares are being sold by existing shareholders.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of operational risks. The transaction is subject to customary conditions to closing and indemnification obligations. The offering is made pursuant to an effective shelf registration statement on Form S-3.
Key Facts for Investor Verification
- The Company is not receiving proceeds from the sale of 3,000,000 shares by Selling Shareholders.
- Morgan Stanley & Co. LLC is acting as the underwriter for the offering.
- The transaction is subject to the terms of the Underwriting Agreement attached as Exhibit 1.1.
- The offering utilizes the Company's existing shelf registration statement (Registration No. 333-227451).