Tenable Announces Proposed Public Offering of Common Stock by Selling Stockholders
COLUMBIA, Md., July 29, 2020 (GLOBE NEWSWIRE) -- Tenable (Nasdaq: TENB), the Cyber Exposure company, today announced the launch of a proposed underwritten public offering of 8,000,000 shares of its common stock by certain existing stockholders of Tenable. Tenable will not receive any of the proceeds from the sale of shares of common stock by the selling stockholders. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1,200,000 shares of common stock from them at the public offering price, less underwriting discounts and commissions.
J.P. Morgan, Morgan Stanley and Barclays are acting as joint book-running managers for the proposed offering.
The proposed offering is being made pursuant to a shelf registration statement, including a base prospectus, filed by Tenable with the Securities and Exchange Commission (“SEC”), which was effective upon filing. The offering may be made only by means of a written prospectus and prospectus supplement that form a part of the registration statement. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Copies of the preliminary prospectus supplement and the accompanying prospectus may also be obtained, when available, from: J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 383 Madison Avenue, New York, NY, 10179, by telephone: 1-866-803-9204, or email: email@example.com; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, ia telephone: 1-888-603-5847. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.
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.
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