GoDaddy Inc. (NYSE:GDDY) Files An 8-K Unregistered Sales of Equity Securities

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GoDaddy Inc. (NYSE:GDDY) Files An 8-K Unregistered Sales of Equity Securities

Item 3.02. Unregistered Sales of Equity Securities

In connection with the offering described in Item 8.01 below,
GoDaddy Inc. (the Company) issued approximately 14,214,390 shares
of Class A common stock to certain Selling Stockholders (as
defined below) upon exchange of Desert Newco, LLC units (together
with the same number of shares of the Companys Class B common
stock) to the exchange agreement between the holders of Desert
Newco, LLC units and the Company.
The issuance of shares of Class A common stock in accordance with
the terms and subject to the conditions set forth in the exchange
agreement will be made in reliance on Section 4(a)(2) of the
Securities Act of 1933, as amended (the Securities Act).
Additionally, on May 5, 2017 we issued and sold an aggregate of
317,084 shares of the Companys Class A common stock at a per
share price of $36.741 in reliance on Section 4(a)(2) of the
Securities Act.
Item 8.01 Other Events
Underwritten Public Offering
On May 4, 2017, the Company entered into an underwriting
agreement (the Underwriting Agreement) with Morgan Stanley Co.
LLC, J.P. Morgan Securities LLC, Barclays Capital Inc., and
Citigroup Global Markets Inc. as representatives of the several
underwriters named therein (the Underwriters), and the selling
stockholders named therein (collectively, the Selling
Stockholders). to the terms of the Underwriting Agreement, the
Selling Stockholders have agreed to sell, and the Underwriters
have agreed to purchase, subject to and on the conditions set
forth therein, an aggregate of 27,615,000 shares of the Companys
Class A common stock (which amount includes 3,615,000 shares of
the Companys Class A common stock sold to the exercise of the
option to purchase additional shares granted to the Underwriters
by the Selling Stockholders. The Company will not receive any
proceeds from the sale of shares by the Selling Stockholders.
Also, to the Underwriting Agreement, the Company agreed to sell,
and the Underwriters have agreed to purchase, subject to and on
the conditions set forth therein, an aggregate of 100,000 shares
of its Class A common stock. The Company intends to use the
proceeds to pay the transaction expenses incurred in connection
with the offering and any remaining proceeds for general
corporate purposes.
The Underwriting Agreement contains customary representations,
warranties and agreements by the Company and the Selling
Stockholders, customary conditions to closing, indemnification
obligations of the Company, the Selling Stockholders and the
Underwriters, including for liabilities under the Securities Act,
other obligations of the parties and termination provisions.
The offering is being made to the Companys automatically
effective shelf registration statement (the Registration
Statement) on Form S-3 (Registration No. 333-210589), including
the prospectus dated April 5, 2016 contained therein, and the
prospectus supplement dated May 3, 2017.
Repurchase
In addition, on May 4, 2017, the Company entered into a Unit
Purchase Agreement (the Unit Purchase Agreement) to repurchase
from the Selling Stockholders an aggregate of 7,344,840 limited
liability company units of Desert Newco (together with a
corresponding number of shares of the Companys Class B common
stock) at a price per share of $37.44, the same per share price
paid by the Underwriters to the Selling Stockholders in the
offering described above.
The Underwriting Agreement and Unit Purchase Agreement are filed
as Exhibits 1.1 and 10.1, respectively, to this Current Report on
Form 8-K and are incorporated herein by reference. The above
descriptions of the terms of the Underwriting Agreement and Unit
Purchase Agreement are qualified in their entirety by reference
to such exhibits.
The Company is filing the opinion of its counsel, Wilson Sonsini
Goodrich Rosati, Professional Corporation, as Exhibit 5.1 hereto,
regarding the legality of the shares of Class A common stock
covered by the Underwriting Agreement.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit No.
Description
1.1
Underwriting Agreement, dated as of May 4, 2017, by and
among GoDaddy Inc., the Selling Stockholders and Morgan
Stanley Co. LLC, J.P. Morgan Securities LLC, Barclays
Capital Inc. and Citigroup Global Markets Inc., as
representatives of the underwriters named therein
5.1
Opinion of Wilson Sonsini Goodrich Rosati, Professional
Corporation
10.1
Unit Purchase Agreement, dated as of May 4, 2017, by
and among Desert Newco, LLC and the entities identified
on Schedule A thereto
23.1
Consent of Wilson Sonsini Goodrich Rosati, Professional
Corporation (included in Exhibit 5.1)


About GoDaddy Inc. (NYSE:GDDY)

GoDaddy Inc. is a technology provider to small businesses, Web design professionals and individuals. The Company delivers cloud-based products and personalized customer care. The Company operates a domain marketplace, where its customers can find the digital real estate that matches their idea. It provides Website building, hosting and security tools to help customers construct and protect online presence. It provides applications that enable connecting to customers and managing businesses. The Company provides search, discovery and recommendation tools, as well as a selection of domain name for ventures. It provides productivity tools, such as domain-specific e-mail, online storage, invoicing, bookkeeping and payment solutions to run ventures, as well as marketing products. Its hosting products are shared Website hosting, Website hosting on virtual dedicated servers and dedicated servers, managed hosting, security and cloud services and cloud applications.

GoDaddy Inc. (NYSE:GDDY) Recent Trading Information

GoDaddy Inc. (NYSE:GDDY) closed its last trading session up +0.10 at 39.28 with 1,987,563 shares trading hands.