GlobalFoundries announces offering of 20M ordinary shares for holders

GlobalFoundries (GFS) announced the launch of a secondary public offering of 20M ordinary shares to the public and approximately $300M of ordinary shares to be repurchased by GF. All of the shares in the offering are being offered by Mubadala Technology Investment Company. GF intends to concurrently repurchase from the underwriters approximately $300M of the Selling Shareholder’s ordinary shares at a price per share equal to the price paid by the underwriters in the offering. The Share Repurchase will be executed as part of the $500M share repurchase authorization approved by the Board of Directors of GF in February 2026. J.P. Morgan Securities and Morgan Stanley & Co. are acting as lead book-running managers for the offering.