Mercadolibre Inc 8-K, filed Aug 10, 2021
Mercadolibre Inc (MELI)
About this 8-K
Mercadolibre Inc filed this 8-K on August 10, 2021, reporting on events of August 9, 2021.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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| Item 8.01. | Other Events. |
On August 9, 2021, MercadoLibre, Inc. (the “Company”) terminated certain of its outstanding capped call transactions (the “Relevant Capped Call Transactions”). The Company entered into the Relevant Capped Call Transactions on August 21, 2018, August 29, 2018, November 7, 2018, June 12, 2019 and June 1, 2020 to hedge, in part, its obligation to deliver shares of its common stock, par value $0.001 per share (“Common Stock”), upon conversion of its 2.00% Convertible Senior Notes due 2028 (the “Convertible Notes”). $880,000,000 aggregate principal amount of the Convertible Notes were initially issued, of which $439,092,000 aggregate principal amount remains outstanding as of the date hereof. As consideration for termination of the Relevant Capped Calls, the Company will receive $294,357,685.66 in cash and 89,978 shares of Common Stock.
Forward-Looking Statements
Any statements herein regarding MercadoLibre, Inc. that are not historical or current facts are forward-looking statements. These forward-looking statements convey MercadoLibre, Inc.’s current expectations or forecasts of future events. Forward-looking statements regarding MercadoLibre, Inc. involve known and unknown risks, uncertainties and other factors that may cause MercadoLibre, Inc.’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors,” “Forward-Looking Statements” and “Cautionary Statement Regarding Forward-Looking Statements” sections of MercadoLibre, Inc.’s annual report on Form 10-K for the year ended December 31, 2020, and quarterly report on Form 10-Q for the quarter ended March 31, 2021, and any of MercadoLibre, Inc.’s other applicable filings with the SEC. Unless required by law, MercadoLibre, Inc. undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events after the date hereof.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MercadoLibre, Inc. | ||
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Dated: August 10, 2021
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By: |
/s/ Pedro Arnt |
| Name: | Pedro Arnt | |
| Title: | Chief Financial Officer | |