UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 8.01 | Other Events |
On July 22, 2021, Uber Freight Holding Corporation (“Uber Freight”), a subsidiary of Uber Technologies, Inc. (“Uber”), announced that it had entered into a Stock Purchase Agreement (the “Stock Purchase Agreement”), by and among Uber Freight, Uber, Tupelo Parent, Inc., a Delaware corporation that operates Transplace (“Tupelo”), and Tupelo Aggregator LLC, a Delaware limited liability company (“Seller”). The Stock Purchase Agreement provides that, among other things and subject to the terms and conditions set forth therein, Uber Freight will purchase from Seller all of the outstanding stock of Tupelo for aggregate consideration of $2.25 billion, subject to certain adjustments, in the form of cash and up to $750 million in shares of Common Stock of Uber. Uber expects to finance up to $1.5 billion of the cash consideration through the issuance of bonds by Uber prior to closing of the transaction.
A copy of the press release is furnished herewith as Exhibit 99.1.
Forward Looking Statements
This Current Report on Form 8-K may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the completion of the transactions contemplated by the Stock Purchase Agreement. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. Forward-looking statements include all statements that are not historical facts and can be identified by terms such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “hope,” “intend,” “may,” “might,” “objective,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Uber’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Statements regarding future events are based on the parties’ current expectations and are necessarily subject to associated risks related to, among other things, regulatory approval of the acquisition of Tupelo or that other conditions to the closing of the transactions contemplated by the Stock Purchase Agreement may not be satisfied, the potential impact on the business of Tupelo due to the announcement of the acquisition, the occurrence of any event, change or other circumstances that could give rise to the termination of the Stock Purchase Agreement, Uber Freight’s ability to successfully integrate Tupelo into its business following the closing of the acquisition, Uber’s ability to finance up to $1.5 billion of the cash consideration through the issuance of bonds, or to obtain favorable terms and condition in connection with such issuances, and general economic conditions. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For additional information on other potential risks and uncertainties that could cause actual results to differ from the results predicted, please see Uber’s Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Form 10-Qs or Form 8-Ks filed with the Securities and Exchange Commission (the “SEC”). All information provided in this Current Report on Form 8-K is as of the date of this Current Report on Form 8-K and any forward-looking statements contained herein are based on assumptions that Uber believes to be reasonable, and information available to Uber, as of such date. Uber undertakes no duty to update this information unless required by law.
Item 9.01 | Financial Statements and Exhibits |
(d) Exhibits
Exhibit No. |
Exhibit Description | |
99.1 |
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.
UBER TECHNOLOGIES, INC. | ||
Date: July 22, 2021 | By: | /s/ Dara Khosrowshahi |
Dara Khosrowshahi | ||
Chief Executive Officer |