Datalink (Nasdaq: DTLK), a leading provider of data center infrastructure and services, announced today that it plans to offer and sell, subject to market and other conditions, 3,300,000 shares of its common stock in an underwritten public offering. Datalink also plans to grant the underwriters a 30-day option to purchase up to an additional 495,000 shares to cover over-allotments, if any. Datalink intends to use the net proceeds from the offering for potential acquisitions of other businesses or technology that will complement its current business model and growth plans, although it has no present commitments or agreements to do so. Any amount of the net proceeds of this offering not used for acquisitions will be used for general corporate purposes.
Canaccord Genuity Inc. is acting as sole book-running manager for the offering. Craig-Hallum Capital Group LLC and Needham & Company, LLC are acting as co-managers for the offering.
The public offering of common stock will be made only by means of a prospectus and prospectus supplement pursuant to Datalink’s effective shelf registration statement filed with the Securities and Exchange Commission (“SEC”). Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the offering may be obtained from the offices of Canaccord Genuity, Attn: Syndicate Department, 99 High Street, 12th Floor, Boston, MA 02110, phone: (617) 371-3900. Alternatively, you may also obtain these documents by visiting EDGAR on the SEC website at www.sec.gov.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor will there be any sale of these securities, in any state or other jurisdiction in which such offer, solicitation or sale is not permitted.About DatalinkA complete data center solutions and services provider for Fortune 500 and mid-tier enterprises, Datalink transforms data centers so they become more efficient, manageable and responsive to changing business needs. Datalink helps leverage and protect storage, server, and network investments with a focus on long-term value, offering a full lifecycle of services, from consulting and design to implementation, management and support. Datalink solutions span virtualization and consolidation, data storage and protection, advanced network infrastructures, business continuity, and cloud enablement. Each delivers measurable performance gains and maximizes the business value of IT. For more information, call 800.448.6314 or visit www.datalink.com. Forward-Looking InformationThis release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Datalink's expectations regarding the completion of the public offering. These statements are based on management's current expectations and accordingly are subject to uncertainty and changes in circumstances. Actual results and the timing of events may vary materially from those expressed or implied by such forward-looking statements due to various important factors, including, without limitation, risks and uncertainties related to Datalink's business and the satisfaction of the conditions of the closing of the public offering. More detailed information about those factors is set forth in Datalink's filings with the Securities and Exchange Commission, including Datalink's annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. Datalink is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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