CHANHASSEN, Minn.--(BUSINESS WIRE)--Datalink Corporation (NASDAQ: DTLK), a leading provider of data center infrastructure and services, today announced that it intends to offer shares of its common stock in an underwritten public offering pursuant to an effective shelf registration statement for an offering of 2,200,000 shares by Datalink and an additional 800,000 shares by the selling shareholder. Datalink intends to use the net proceeds from the offering for potential acquisitions of other businesses that will complement its current business model and growth plans. Any amount of the net proceeds of this offering not used for acquisitions will be used for general corporate purposes. Datalink will not receive any proceeds from the sale of shares by the selling shareholder.
Craig-Hallum Capital Group LLC and Canaccord Genuity Inc. will act as joint book-running managers for the offering.
The offering is being conducted pursuant to an effective shelf registration statement on file with the Securities and Exchange Commission. A prospectus supplement relating to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus supplement and the base prospectus relating to the offering may be obtained from Craig-Hallum Capital Group LLC at 222 South Ninth Street, Suite 350, Minneapolis, Minnesota 55402, or by calling 612-334-6300.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of Datalink, and there shall not be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
About Datalink
A 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 networks, and business continuity. 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 Information
This 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 the Company’s filings
with the Securities and Exchange Commission, including the Company’s
annual report on Form 10-K, quarterly reports on Form 10-Q, and current
reports on Form 8-K. The Company 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.