Upland Software Announces Proposed Public Offering of Common Stock

Nachrichtenquelle: Business Wire (engl.)
10.08.2020, 23:18  |  148   |   |   

Upland Software, Inc. (Nasdaq: UPLD) ("Upland"), a leader in cloud-based tools for digital transformation, today announced that it intends to offer and sell up to 3,500,000 shares of its common stock in an underwritten public offering. In addition, Upland intends to grant the underwriters a 30-day option to purchase up to an additional 525,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. All shares in the offering are to be issued and sold by Upland. The offering is subject to market and other conditions, and there can be no assurance that the offering will be completed.

Upland intends to use the net proceeds of the offering to continue its acquisition strategy and for general corporate purposes.

Credit Suisse is acting as lead book-running manager for the offering. A registration statement (including a base prospectus) and a preliminary prospectus supplement relating to the securities have been filed with the Securities and Exchange Commission ("SEC"). The registration statement became effective immediately upon its filing on August 10, 2020. The offering is being made only by means of a prospectus supplement (including the accompanying base prospectus) and will be available on the SEC's website at http://www.sec.gov. Copies of the preliminary prospectus supplement and accompanying base prospectus may be obtained from Credit Suisse Securities (USA) LLC; By mail: Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, United States; By phone: 1-800-221-1037; By e-mail: usa.prospectus@credit-suisse.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any offer, solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

About Upland Software, Inc.

Upland Software (Nasdaq: UPLD) is a leader in cloud-based tools for digital transformation. The Upland Cloud enables thousands of organizations to engage with customers on key digital channels, optimize sales team performance, manage projects and IT costs, and automate critical document workflows. As of the date of this release, Upland has more than 10,000 customers with over 1,000,000 users across a broad range of industries, including financial services, retail, technology, manufacturing, legal, education, consumer goods, media, telecommunications, government, non-profit, food and beverage, healthcare and life sciences. The Upland Cloud is backed by a 100% customer success commitment and the UplandOne platform, which puts customers at the center of everything Upland does. To learn more, visit www.uplandsoftware.com.

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