Global-e Announces Board Authorization of $200 Million Share Repurchase Program
Global-e Online (Nasdaq: GLBE), a leading platform for global direct-to-consumer e-commerce, has announced its first-ever stock repurchase program of up to $200 million. The company's board of directors has authorized this initiative, demonstrating confidence in Global-e's strong cash flow generation and commitment to shareholder value.
The repurchase program will commence after a 30-day period for creditor objections in accordance with Israeli regulations. The company plans to fund the buyback through existing cash reserves and future operational cash flow. The program allows for various repurchase methods, including open market purchases and privately negotiated transactions, all compliant with U.S. securities laws and regulations.
Global-e currently serves over 1,400 brands and retailers across North America, EMEA, and APAC, providing e-commerce solutions that enable international sales in over 200 destinations worldwide.
Global-e Online (Nasdaq: GLBE), piattaforma leader per l’e-commerce direct-to-consumer a livello globale, ha annunciato il suo primo programma di riacquisto di azioni fino a $200 milioni. Il consiglio di amministrazione ha approvato l’iniziativa, segnalando fiducia nella solida generazione di cassa di Global-e e nell’impegno verso la creazione di valore per gli azionisti.
Il programma di riacquisto partirà dopo un periodo di 30 giorni previsto per eventuali opposizioni dei creditori, in conformità con la normativa israeliana. L’operazione sarà finanziata con le riserve di liquidità esistenti e con i flussi di cassa futuri derivanti dall’attività operativa. Sono previste diverse modalità di acquisto, incluse operazioni sul mercato aperto e transazioni private concordate, tutte conformi alle leggi e ai regolamenti sui titoli statunitensi.
Global-e serve attualmente oltre 1.400 brand e rivenditori in North America, EMEA e APAC, offrendo soluzioni di e-commerce che rendono possibili vendite internazionali in più di 200 destinazioni nel mondo.
Global-e Online (Nasdaq: GLBE), plataforma líder en comercio electrónico directo al consumidor a nivel mundial, ha anunciado su primer programa de recompra de acciones por hasta $200 millones. El consejo de administración autorizó la iniciativa, mostrando confianza en la sólida generación de caja de Global-e y en su compromiso con la creación de valor para los accionistas.
El programa de recompra comenzará tras un periodo de 30 días para posibles objeciones de acreedores, de conformidad con la normativa israelí. La compañía planea financiar la recompra con reservas de efectivo existentes y con futuros flujos de caja operativos. Se contemplan diversas formas de recompra, incluidas compras en mercado abierto y transacciones negociadas de forma privada, todas conforme a las leyes y regulaciones de valores de EE. UU.
Global-e atiende actualmente a más de 1.400 marcas y minoristas en Norteamérica, EMEA y APAC, proporcionando soluciones de e-commerce que permiten ventas internacionales en más de 200 destinos en todo el mundo.
Global-e Online (Nasdaq: GLBE)는 글로벌 D2C(소비자 직접 판매) 전자상거래 플랫폼으로서 최대 $200 million 규모의 최초 자사주 매입 프로그램을 발표했습니다. 이사회는 Global-e의 견실한 현금창출 능력과 주주가치 제고에 대한 의지를 반영하여 본 프로그램을 승인했습니다.
자사주 매입은 이스라엘 규정에 따른 채권자 이의제기 30일 기간 이후에 시작됩니다. 매입 자금은 기존 현금 보유와 향후 영업 현금흐름으로 충당할 계획입니다. 공개 시장 매수와 사적 합의 거래 등 다양한 매입 방식이 허용되며, 모두 미국 증권법 및 규정을 준수합니다.
Global-e는 현재 북미, EMEA, APAC 지역에서 1,400개 이상 브랜드 및 소매업체에 서비스를 제공하며, 전 세계 200개 이상 지역으로의 국제 판매를 지원하는 전자상거래 솔루션을 제공합니다.
Global-e Online (Nasdaq: GLBE), plateforme leader du commerce électronique direct au consommateur à l’échelle mondiale, a annoncé son tout premier programme de rachat d’actions d’un montant maximal de 200 millions de dollars. Le conseil d’administration a autorisé cette initiative, témoignant de sa confiance dans la forte génération de trésorerie de Global-e et de son engagement en faveur de la création de valeur pour les actionnaires.
Le programme de rachat débutera après une période de 30 jours destinée aux éventuelles oppositions des créanciers, conformément à la réglementation israélienne. La société financera le rachat par ses réserves de trésorerie existantes et par les flux de trésorerie opérationnels futurs. Diffentes méthodes de rachat sont envisagées, notamment des achats en marché ouvert et des transactions négociées à titre privé, toutes conformes aux lois et règlements américains sur les titres.
Global-e dessert actuellement plus de 1 400 marques et détaillants en Amérique du Nord, EMEA et APAC, fournissant des solutions e-commerce qui permettent des ventes internationales dans plus de 200 destinations à travers le monde.
Global-e Online (Nasdaq: GLBE), eine führende Plattform für globales Direct-to-Consumer-E-Commerce, hat ihr erstes Aktienrückkaufprogramm in Höhe von bis zu $200 Millionen angekündigt. Der Vorstand hat diese Maßnahme genehmigt und damit Vertrauen in die starke Cashflow-Generierung von Global-e und das Bekenntnis zur Steigerung des Aktionärswerts signalisiert.
Das Rückkaufprogramm beginnt nach einer 30-tägigen Frist für Gläubigerwidersprüche gemäß israelischen Vorschriften. Die Finanzierung erfolgt aus bestehenden Barmitteln und künftigen operativen Cashflows. Verschiedene Rückkaufmethoden sind vorgesehen, darunter Käufe am offenen Markt und privat vereinbarte Transaktionen, jeweils in Übereinstimmung mit den US-Wertpapiergesetzen und -vorschriften.
Global-e betreut derzeit über 1.400 Marken und Händler in Nordamerika, EMEA und APAC und bietet E-Commerce-Lösungen, die internationale Verkäufe in mehr als 200 Zielgebiete weltweit ermöglichen.
- First-ever $200 million share repurchase program demonstrates strong financial position
- Company reports healthy balance sheet with ability to fund buyback through cash reserves
- Strong cash flow generation capacity while maintaining investment in strategic initiatives
- Large established presence with over 1,400 brands and retailers globally
- Repurchase program subject to 30-day creditor objection period under Israeli regulations
- No guarantee on timing or amount of actual share repurchases
- Program may be suspended or discontinued at company's discretion
Insights
Global-e's $200M buyback signals management confidence in cash flow and demonstrates commitment to shareholder returns.
Global-e's announcement of a
The timing is particularly noteworthy as it signals that despite operating in the competitive e-commerce infrastructure space, Global-e has achieved sufficient cash flow maturity to both fund growth initiatives and return capital to shareholders. CFO Ofer Koren's explicit mention of "strong cash flow generation" confirms the company has reached an important inflection point in its financial lifecycle.
The repurchase authorization includes typical flexibility provisions - it doesn't obligate the company to buy back the full amount and can be suspended at management's discretion. This prudent approach provides Global-e with options to adjust based on market conditions or if more attractive investment opportunities arise. The program will begin after a mandatory 30-day period for creditor objections under Israeli regulations, demonstrating the company's methodical approach to capital allocation.
Importantly, Global-e plans to fund repurchases with existing cash reserves and future operating cash flows rather than debt, indicating a healthy balance sheet and sustainable approach to shareholder returns. With a network of over 1,400 brands across multiple regions, the company appears to have reached sufficient scale to balance growth investments with returning capital to shareholders - a positive signal regarding management's view of long-term business durability.
PETAH-TIKVA, Israel, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (Nasdaq: GLBE) the platform powering global direct-to-consumer e-commerce, announced that its board of directors has authorized a program to repurchase the Company's ordinary shares in an amount up to
“We are pleased to announce the authorization of our first-ever stock repurchase program. This program demonstrates our continued confidence in our ability to drive strong cash flow generation and our ongoing commitment to increasing shareholder value,” said Ofer Koren, Global-e’s CFO. “We have built a healthy balance sheet enabling us to continue to invest in our strategic initiatives while also returning capital to shareholders.”
Under the Board authorized repurchase program, Company securities may be repurchased from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its securities under this authorization. The repurchase program does not obligate the Company to acquire any particular amount of securities, and the repurchase program may be suspended or discontinued at any time at the Company's discretion. Repurchases under the repurchase program may begin after conclusion of the 30-day period for creditors of the Company to object to the Company's intent to perform the distribution by way of repurchase in accordance with the Israeli Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel), 5760-2000 and the Israeli Regulations (Approval of Distribution), 5761–2001. The actual timing, number and value of securities repurchased depend on a number of factors, including the market price of the Company's ordinary shares, general market and economic conditions, any objections received by the Company from its creditors, the Company's financial results and liquidity, and other considerations. The Company expects to fund repurchases with cash on hand and future cash generated from its operations.
Cautionary Note Regarding Forward Looking Statements
This press release contains estimates and forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our future strategy and projected revenue, GMV, Adjusted EBITDA and other future financial and operational results, growth strategy and plans and objectives of management for future operations, including, among others, expansion in new and existing markets, the launch of large enterprise merchants, and our ongoing partnership with Shopify, are forward-looking statements. As the words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Global-e believes there is a reasonable basis for its expectations and beliefs, but they are inherently uncertain. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement, including but not limited to, our rapid growth and growth rates in recent periods may not be indicative of future growth; our ability to retain existing merchants and to attract new merchants; our ability to anticipate merchant needs or develop or integrate new functionality or enhance our existing platforms to meet those needs; the impact of imposed tariffs or other trade regulations on our business and financial results; our ability to implement and use artificial intelligence and machine learning technologies successfully; our ability to compete in our industry; our reliance on third-parties, including our ability to realize the benefits of any strategic alliances, joint ventures, or partnership arrangements and to integrate our platforms with third-party platforms; our ability to adapt our platform and services for the Shopify platforms; our ability to develop or maintain the functionality of our platforms, including real or perceived errors, failures, vulnerabilities, or bugs in our platforms; our history of net losses; our ability to manage our growth and manage expansion into additional markets and the introduction of new platforms and offerings; our ability to accommodate increased volumes during peak seasons and events; our ability to effectively expand our marketing and sales capabilities; our expectations regarding our revenue, expenses and operations; our ability to operate internationally; our reliance on third-party services, including third-party providers of cross-docking services and third-party data centers, in our platforms and services and harm to our reputation by our merchants’ or third-party service providers’ unethical business practices; our operation as a merchant of record for sales conducted using our platform; regulatory requirements and additional fees related to payment transactions through our e-commerce platforms could be costly and difficult to comply with; compliance and third-party risks related to anti-money laundering, anti-corruption, anti-bribery, regulations, economic sanctions and export control laws and import regulations and restrictions; our business’s reliance on the personal importation model; our ability to securely store personal information of merchants and shoppers; increases in shipping rates; fluctuations in the exchange rate of foreign currencies has impacted and could continue to impact our results of operations; our ability to offer high quality support; our ability to expand the number of merchants using our platforms and increase our GMV and to enhance our reputation and awareness of our platforms; our ability to adapt to emerging or evolving regulatory developments, changing laws, regulations, standards and technological changes related to privacy, data protection, data security and machine learning technology and generative artificial intelligence evolves; our role in the fulfilment chain of the merchants, which may cause third parties to confuse us with the merchants; our ability to establish and protect intellectual property rights; and our use of open-source software which may pose particular risks to our proprietary software technologies; our dependency on our executive officers and other key employees and our ability to hire and retain skilled key personnel, including our ability to enforce non-compete agreements we enter into with our employees; litigation for a variety of claims which we may be subject to; the adoption by merchants of a D2C model; our anticipated cash needs and our estimates regarding our capital requirements and our needs for additional financing; our ability to maintain our corporate culture; our ability to maintain an effective system of disclosure controls and internal control over financial reporting; our ability to accurately estimate judgments relating to our critical accounting policies; changes in tax laws or regulations to which we are subject, including the enactment of legislation implementing changes in taxation of international business activities and the adoption of other corporate tax reform policies; requirements to collect sales or other taxes relating to the use of our platforms and services in jurisdictions where we have not historically done so; global events or conditions in individual markets such as financial and credit market fluctuations, war, climate change, and macroeconomic events; risks relating to our ordinary shares, including our share price, the concentration of our share ownership with insiders, our status as a foreign private issuer, provisions of Israeli law and our amended and restated articles of association and actions of activist shareholders; risks related to our incorporation and location in Israel, including risks related to the ongoing war and related hostilities; and the other risks and uncertainties described in Global-e’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 27, 2025 and other documents filed with or furnished by Global-e from time to time with the Securities and Exchange Commission (the “SEC”). The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. These statements reflect management’s current expectations regarding future events and operating performance and speak only as of the date of this press release. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. We undertake no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements, and you should not place undue reliance on our forward-looking statements.
About Global-E Online Ltd.
Global-e (Nasdaq: GLBE) is the world's leading platform enabling and accelerating global, Direct-To-Consumer e-commerce. The chosen partner of over 1,400 brands and retailers across North America, EMEA and APAC, Global-e makes selling internationally as simple as selling domestically. The company enables merchants to increase the conversion of international traffic into sales by offering online shoppers in over 200 destinations worldwide a seamless, localized shopping experience. Global-e's end-to-end e-commerce solutions combine best-in-class localization capabilities, big-data best-practice business intelligence models, streamlined international logistics and vast global e-commerce experience, enabling international shoppers to buy seamlessly online and retailers to sell to, and from, anywhere in the world. For more information, please visit: www.global-e.com.
Investor Contact:
Alan Katz
Global-e Investor Relations
IR@global-e.com
Press Contact:
Sarah Schloss
Headline Media
Globale@headline.media
+1 786-233-7684
FAQ
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