Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Other than as indicated below, the information
in this Form 6-K (including in Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it
be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
The U.S. GAAP financial information contained
in the (i) consolidated balance sheets, (ii) consolidated statements of operations and (iii) consolidated statement of cash flows included
in the press release attached as Exhibit 99.1 to this Report on Form 6-K are hereby incorporated by reference into the Company’s
Registration Statement on Form S-8 (File No. 333-256403).
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, thereto duly authorized.
Exhibit 99.1
Global-e Closes
on Acquisition of Passport, a US-based e-Commerce Logistics and
Solutions Company
Acquisition of Passport’s standard logistics
capabilities expected to expand Global-e’s shipping
offerings and improve the post-purchase experience for merchants and shoppers
PETAH-TIKVA, Israel, July 1, 2026 (GLOBE NEWSWIRE) -- Global-e
Online Ltd. (NASDAQ: GLBE) (“Global-e” or the “Company”), the global e-commerce enablement platform, today announced
that it has completed its acquisition of Passport Global Inc. (“Passport”), a US-based cross-border e-commerce logistics and
solutions company.
As previously announced, the acquisition of Passport is expected to
further strengthen Global-e’s logistics capabilities, adding advanced standard shipping solutions powered by an efficient, asset-light,
multi-carrier network across cross-border, domestic, and last-mile deliveries. The capabilities and network from Passport will also enhance
Global-e’s ability to execute direct injection and consolidated returns, supporting the delivery of scalable and cost-effective
logistics solutions.
In addition, through the Passport brand, Global-e will provide a non-Merchant
of Record (non-MoR) solution to address and provide support for certain merchant segments.
“We are delighted to officially welcome the Passport team into
Global-e,” said Nir Debbi, President of Global-e. “This is a team of exceptional people who have built a differentiated logistics
business, and their expertise is a natural extension of our platform. By bringing Passport’s advanced cross-border logistics infrastructure
and asset-light, multi-carrier network together with our end-to-end platform, we can deliver more reliable and cost-effective shipping,
faster delivery, and a better post-purchase experience, creating real, tangible value for our merchants and their customers around the
world. We believe this combination will further differentiate Global-e’s platform and reinforce our position as the leading enabler
of global e-commerce.”
“Officially joining Global-e marks an exciting new chapter for
Passport,” said Alex Yancher, Founder and CEO of Passport. “We built Passport to simplify and optimize cross-border logistics,
and becoming part of Global-e allows us to pursue that mission at a far greater scale. Global-e’s resources, expansive platform,
and deep e-commerce expertise will allow us to accelerate growth, unlock meaningful operational efficiencies, and bring even greater value
to merchants and shoppers worldwide. I am thrilled that we will be able to combine our capabilities with everything that Global-e brings
to the table to help drive the next phase of innovation in cross-border e-commerce.”
As announced on May 26, 2026, the $350 million deal was funded
via approximately equal portions of cash on hand and ordinary shares of Global-e. An additional contingent consideration of up to $75
million is subject to Passport achieving certain financial results in 2026.
Passport’s founder and CEO Alex Yancher has joined the Global-e
executive management team as the CEO of Passport, a division of Global-e.
The Company will update its 2026 outlook to include the impact of the
Passport acquisition on its Q2 2026 earnings call, which is expected to take place in August.
Cautionary Note Regarding Forward Looking Statements
Certain statements in this press release may constitute "forward-looking"
statements and information, within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act
of 1934, and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “believe,” “may,”
“will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,”
“initiate,” “could,” “would,” “project,” “plan,” “potentially,”
“preliminary,” “likely”, including negatives of those words, and similar expressions are intended to identify
forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements include, but are
not limited to, statements regarding the expected timing, completion and effects of the Passport acquisition, the benefits of the potential
Passport acquisition, Global-e's business strategy and competitive position following the acquisition, future results of operations, plans,
and objectives, and statements that refer to projections, forecasts or other characterizations of future events or circumstances, including
any underlying assumptions. These and other forward-looking statements are not guarantees of future results and are subject to risks,
uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual
results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied
by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to: the timing, receipt and
terms and conditions of any required governmental and regulatory approvals of the Passport acquisition that could reduce anticipated benefits
or cause the parties to abandon the transaction; the occurrence of any event, change or other circumstance that could give rise to the
termination of the merger agreement; the risk that the parties to the merger agreement may not be able to satisfy the conditions to the
Passport acquisition in a timely manner or at all; the possibility that some or all of any anticipated benefits with respect to the Company’s
business and the transaction may not be completed in accordance with the parties’ expected plans or at all; the risk that the Company’s
stock price may decline significantly following the announcement of, or if the Passport acquisition is not consummated; risks that the
Passport business will not be integrated successfully; failure to realize the synergies or benefits of the Passport acquisition; failure
to retain our existing merchants, or the gross merchandize value (GMV) generated by such merchants; failure to attract new merchants,
or the merchants we do attract fail to generate GMV or revenue comparable to our current merchants; failure to develop or acquire new
functionality or enhance our existing platform; failure to successfully compete against current and future competition; failure to integrate
our platform with e-commerce platforms; failure to maintain the functionality of our platform; failure to manage our growth effectively;
risks associated with cross-border sales and operations; risks associated with governmental export controls; the compromise of personal
information of our merchants and shoppers we store; failure to enhance our reputation and awareness of our platform; diminished demand
for our platform and services as a result of changes in laws and regulations; actual or perceived failure to comply with stringent and
changing laws, regulations, standards and contractual obligations related to privacy, data protection and data security; failure to adequately
maintain, protect or enforce our intellectual property rights; our ability to develop or maintain the functionality of our platforms,
including real or perceived errors, failures, vulnerabilities, or bugs in our platforms; and other factors discussed under the heading
"Risk Factors", under heading "Operating and Financial Review and Prospects," and under heading "Business"
in Global-e's Annual Report on Form 20-F for the year ended December 31, 2025, filed with the SEC on March 26, 2026 and other documents
filed with or furnished by Global-e from time to time with the Securities and Exchange Commission (the "SEC"). You should carefully
consider the foregoing factors. These statements reflect management's current expectations regarding future events and operating performance
and speak only as of the date of this document. Other than as required by law, there should not be an expectation that such information
will in all circumstances be updated, supplemented, or revised whether as a result of new information, changing circumstances, future
events, or otherwise.
About Global-e
Global-e (Nasdaq: GLBE) is the world's leading platform enabling
and accelerating global, Direct-To-Consumer e-commerce. The chosen partner of over 1,500 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.
About Passport
Passport is a cross-border logistics and e-commerce enablement platform
helping brands simplify international shipping and scale globally with confidence. Through a combination of in-house logistics infrastructure,
proprietary technology, and AI-driven systems, Passport streamlines the complexities of global fulfillment, customs, and delivery. The
platform enables brands to ship to over 220 markets worldwide with fast, reliable cross-border delivery options through its global carrier
network. Passport has recently expanded into in-country fulfillment and local operations, further improving delivery speed, efficiency,
and last-mile performance across key international markets. Passport supports over 1,000 e-commerce merchants globally, helping them reduce
operational complexity, increase delivery reliability, and deliver a seamless international shipping experience at scale.
Investor Contact:
Alan Katz
Investor Relations
Global-e
IR@global-e.com
Press Contact:
Allison Grey
Headline Media
Globale@headline.media
+1 323 283 8176
