Jamf Prices Secondary Offering Of 8,956,522 Shares Of Common Stock By Selling Stockholders At A Price Of $18.25/Share And Related Common Stock Repurchase of 2M Shares

Jamf (NASDAQ:JAMF), the standard in managing and securing Apple at work, today announced the pricing of an underwritten public offering (the "Offering") of 8,956,522 shares of its common stock by investment funds affiliated with Vista Equity Partners (the "Selling Stockholders"), at a price to the public of $18.25 per share. The Offering is expected to close on May 16, 2024, subject to the satisfaction of customary closing conditions. The underwriters will have a 30-day option to purchase up to an additional 1,043,478 shares of Jamf's common stock from the Selling Stockholders.

 

Jamf is not selling any shares of common stock in this offering and will not receive any proceeds from the sale of shares by the Selling Stockholders, but will bear the costs associated with the sale of such shares, other than any underwriting discounts and commissions.

In addition, Jamf has agreed to purchase from the underwriters 2,000,000 shares of Jamf's common stock that are the subject of the Offering at the same per share price to be paid by the underwriters to the Selling Stockholders in the Offering (the "Stock Repurchase"). Jamf intends to fund the concurrent Stock Repurchase with existing cash on hand. The Stock Repurchase is conditioned upon the completion of the Offering and therefore there can be no assurance that the Stock Repurchase will be completed. The Offering is not conditioned upon the completion of the Stock Repurchase.