Globant (GLOB) Announces 1M Share Proposed Public Offering of Common Shares

Globant S.A. (NYSE: GLOB), a digitally native technology services company today announced that it intends to offer and sell 1,000,000 of its common shares (the "Shares"), subject to market and other conditions, in an underwritten public offering. All of the Shares will be sold by Globant. Globant intends to grant the underwriters a 30-day option to purchase up to 150,000 additional Shares at the public offering price, less the underwriting discounts and commissions.

Globant intends to use the proceeds from this offering for general corporate purposes, including working capital, operating expenses and capital expenditures. In connection with the advancement of its acquisition strategy, Globant may use a portion of the proceeds from this offering to fund acquisitions.

Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint lead book-running managers for the offering.

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