MongoDB Announces Proposed Public Offering of Class A Common Stock
MongoDB has announced a public offering of 2,300,000 shares of its Class A common stock, all to be sold by the company. The offering is subject to market conditions, with no assurance on completion or terms. Proceeds from the offering will be used for general corporate purposes. Morgan Stanley and Goldman Sachs are leading this underwritten offering, with other firms as co-managers. The public offering is made under a shelf registration statement filed with the SEC, and additional details are available on the SEC's website.
- The offering aims to raise capital for general corporate purposes, potentially strengthening the company's financial position.
- The public offering could lead to shareholder dilution.
NEW YORK, June 29, 2021 /PRNewswire/ -- MongoDB, Inc. ("MongoDB") (Nasdaq: MDB), the leading, modern general purpose database platform, today announced that it has commenced an underwritten public offering of 2,300,000 shares of its Class A common stock. All of the shares in the proposed offering will be sold by MongoDB. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.
MongoDB expects to use the net proceeds from the offering for general corporate purposes.
Morgan Stanley and Goldman Sachs & Co. LLC are acting as lead book-running managers for the proposed offering. Siebert Williams Shank, Guzman & Company, Tigress Financial Partners and Drexel Hamilton are acting as co-managers for the proposed offering.
The proposed public offering is being made pursuant to a shelf registration statement on Form S-3 that was filed by MongoDB with the U.S. Securities and Exchange Commission (the "SEC") and automatically became effective upon filing. A preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the offering have been filed with the SEC and are available on the SEC's website at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing Prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About MongoDB
MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. Headquartered in New York, MongoDB has more than 26,800 customers in over 100 countries. The MongoDB database platform has been downloaded over 175 million times and there have been more than 1.5 million registrations for MongoDB University courses.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "expect," "plan," "anticipate," "estimate," "intend" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. Forward-looking statements contained in this press release include statements relating to MongoDB's expectations regarding the completion, timing and size of the proposed public offering, and MongoDB's planned use of the proceeds from the proposed public offering. These forward-looking statements are based on MongoDB's expectations and assumptions as of the date of this press release. Actual results may differ materially from these forward-looking statements. Each of these forward-looking statements involves risks and uncertainties. These risks and uncertainties include, without limitation, risks and uncertainties related to market conditions and satisfaction of customary closing conditions related to the proposed public offering. There can be no assurance that MongoDB will be able to complete the offering on the anticipated terms, or at all. Other factors that may cause actual results to differ from those expressed or implied in the forward-looking statements in this press release are discussed in MongoDB's filings with the SEC, including under the heading "Risk Factors" contained therein, as well as the risks identified in the registration statement and the preliminary prospectus supplement relating to the offering. Except as required by law, MongoDB assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.
Contacts
Investor Relations Contact:
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com
Media Relations Contact:
Matt Trocchio
MongoDB
communications@mongodb.com
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SOURCE MongoDB, Inc.
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