Global-e (NASDAQ: GLBE) buys Passport in $350M logistics expansion deal
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Global-e Online Ltd. has entered into a definitive agreement to acquire Passport Global Inc., a US-based cross-border e-commerce logistics and solutions company. Global-e will pay $350 million in upfront consideration, funded in approximately equal parts by cash on hand and ordinary shares, plus up to $75 million in contingent consideration tied to Passport’s 2026 financial results.
The deal is designed to deepen Global-e’s standard logistics capabilities through an asset-light, multi-carrier network across cross-border, domestic and last-mile deliveries, including direct injection, consolidated returns and customs brokerage. Passport will continue to provide a non-Merchant of Record solution, allowing Global-e to serve additional merchant segments that prefer this model.
Passport is expected to generate approximately $100 million in revenues in calendar year 2026, with a rapid growth rate expected to slightly exceed that of Global-e for the year. The acquisition is expected to have a neutral to slightly positive effect on Global-e’s Adjusted EBITDA contribution in H2 2026. The transaction is expected to close in early July 2026, subject to customary closing conditions and regulatory approvals.
Positive
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Negative
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Insights
Global-e is making a sizable, growth-focused logistics acquisition with neutral to slightly positive near-term profitability impact.
Global-e agreed to acquire Passport for $350 million upfront, split roughly between cash and shares, plus up to $75 million contingent on 2026 results. Passport brings an asset-light, multi-carrier logistics network across cross-border, domestic and last-mile delivery.
Management expects Passport to generate about $100 million of revenue in calendar 2026, with growth slightly above Global-e’s own rate. They also guide to a neutral to slightly positive impact on Adjusted EBITDA in H2 2026, implying the acquisition is not near-term dilutive to earnings on an adjusted basis.
Strategically, the deal broadens Global-e’s standard shipping, direct injection, consolidated returns and customs brokerage capabilities, and adds a non-Merchant of Record solution for merchants. Execution will depend on closing in early July 2026 and successfully integrating operations and teams under Passport’s founder, who is expected to join Global-e’s executive management.
Key Figures
Upfront acquisition price: $350 million
Contingent consideration: up to $75 million
Expected Passport 2026 revenue: approximately $100 million
+2 more
5 metrics
Upfront acquisition price
$350 million
Upfront consideration for Passport Global Inc.
Contingent consideration
up to $75 million
Earn-out tied to Passport 2026 financial results
Expected Passport 2026 revenue
approximately $100 million
Passport revenues in calendar year 2026
EBITDA impact
neutral to slightly positive
Effect on Global-e Adjusted EBITDA contribution in H2 2026
Expected closing date
early July 2026
Transaction closing, subject to customary conditions and approvals
Key Terms
asset-light, direct injection, consolidated returns, non-Merchant of Record, +1 more
5 terms
asset-light financial
"advanced standard shipping solutions powered by an efficient, asset-light, multi-carrier network"
A business described as "asset-light" relies on few owned physical assets—such as factories, real estate, or heavy equipment—and instead uses partners, contractors, or lease arrangements to deliver products or services. For investors, this model can mean lower upfront investment, faster scaling and often higher profit margins, but it also increases dependence on outside providers and can create less predictable costs and supply risks—like renting tools instead of owning them.
direct injection technical
"enhance Global-e’s ability to execute direct injection and consolidated returns"
A medical delivery method where a drug, vaccine, or therapeutic agent is placed directly into a specific part of the body — such as a muscle, vein, joint, or organ — rather than taken by mouth or through general circulation. Investors care because direct placement can change how quickly and effectively a treatment works, affect safety and manufacturing complexity, and influence regulatory requirements and market potential, much like choosing a targeted delivery route for a package versus general mail.
consolidated returns technical
"enhance Global-e’s ability to execute direct injection and consolidated returns"
Consolidated returns are the combined profit or loss and investment performance reported for a parent company and all its controlled subsidiaries as if they were a single business. For investors, this gives a complete picture of how the whole corporate group is doing—similar to looking at a family’s total household income rather than each person’s paycheck—and removes internal transfers that can hide true results.
non-Merchant of Record financial
"provide a non-Merchant of Record (non-MoR) solution, expanding Global-e’s offering"
Adjusted EBITDA financial
"expected to have a neutral to slightly positive effect on Global-e’s Adjusted EBITDA contribution in H2 2026"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2026
Commission File Number: 001-40408
Global-E Online Ltd.
(Translation of registrant’s name into English)
9 HaPsagot St.,
Petah-Tikva 4951041, Israel
(Address of registrant’s principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
EXPLANATORY NOTE
On May 26, 2026, Global-E Online Ltd. (the “Company”) issued a press release titled “Global-e to Enhance Logistics Offering with Acquisition of Passport, a US-based e-Commerce Logistics and Solutions Company”. A copy of the press release is furnished as Exhibit 99.1 herewith.
The Form 6-K and related exhibits are hereby incorporated by reference into the Company’s Registration Statements on Form S-8 (File No. 333-256403 and File No. 333-264156).
2
EXHIBIT INDEX
The following exhibit is furnished as part of this Form 6-K:
|
Exhibit |
Description | |
| 99.1 | Press release dated May 26, 2026 titled “Global-e to Enhance Logistics Offering with Acquisition of Passport, a US-based e-Commerce Logistics and Solutions Company |
3
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, thereto duly authorized.
| Global-E Online Ltd. | ||
| (Registrant) | ||
| By: | /s/ Amir Schlachet | |
| Name: | Amir Schlachet | |
| Title: | Chief Executive Officer | |
Date: May 26, 2026
4
Exhibit 99.1
Global-e to Enhance Logistics Offering with Acquisition of Passport, a US-based
e-Commerce Logistics and Solutions Company
Acquisition expected to deepen Global-e’s standard logistics capabilities and improve the
post-
purchase experience for merchants and shoppers
Acquisition focuses on asset-light carrier capabilities
and offering of competitive best in class cross-border, domestic and “last mile delivery” standard logistics, supporting
sophisticated solutions such as direct injection, consolidated returns and customs brokerage
sophisticated solutions such as direct injection, consolidated returns and customs brokerage
Will enable expansion of global offering to merchant segments that require a
Non-Merchant of Record solution, leveraging the existing Passport platform
PETAH-TIKVA, Israel, May 26, 2026 (GLOBE NEWSWIRE) -- Global-e Online Ltd. (NASDAQ: GLBE) (“Global-e” or the “Company”), the platform powering global direct-to-consumer
e-commerce, today announced that it has entered into a definitive agreement (the “Agreement”) to acquire Passport Global Inc. (“Passport”), a US-based cross-border e-commerce logistics and solutions company.
The acquisition of Passport will 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 acquisition will also enhance Global-e’s ability to execute direct injection and consolidated returns, supporting the delivery of scalable and cost-effective logistics solutions.
Passport will also continue to provide a non-Merchant of Record (non-MoR) solution, expanding Global-e’s offering to a broader and more diverse range of merchant segments.
The acquisition is expected to strengthen Global-e’s value proposition by increasing control over critical logistics workflows, including fulfillment, delivery, and returns. We believe this unified experience will
enhance the Global-e offering, providing merchants with end-to-end service delivery, including duty clearance, reducing delays and discrepancies, and facilitating customs brokerage.
“We are excited to welcome Passport to the Global-e family,”
said Nir Debbi, President of Global-e. “This acquisition represents a significant step forward in our strategy to deepen our logistics and trade compliance capabilities to deliver a seamless, end-to-end logistics experience for our merchants and
their customers. By integrating Passport’s advanced cross-border logistics infrastructure and multi-carrier network, we plan to extend our suite of advanced
shipping solutions, increase standard shipping reliability, and enhance the post-purchase experience. We believe this combination will further differentiate Global-e’s platform and reinforce our position as the leading enabler of global
e-commerce.”
“Joining Global-e marks an exciting new chapter for Passport,”
said Alex Yancher, Founder and CEO of Passport. “We built our company to simplify and optimize cross-border logistics, and partnering with Global-e allows us to accelerate that mission on a global scale. Together, we will be able to deliver more
efficient shipping solutions, improve transparency, and reduce friction in international trade for merchants and customers alike. We are thrilled to combine our expertise with Global-e’s platform to drive innovation in cross-border e-commerce, and
create even greater value for our merchants and their customers.”
Global-e agreed to acquire Passport for $350 million in upfront consideration, 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.
Following the closing, Passport’s founder and CEO Alex Yancher is expected to join the Global-e executive management team to lead the integrated Passport business.
Passport is expected to generate approximately $100 million in revenues in calendar year 2026 with a rapid growth rate which is expected to slightly exceed that of Global-e for the year. The acquisition is expected to
have a neutral to slightly positive effect on Global-e’s Adjusted EBITDA contribution in H2 2026. The transaction is expected to close in early July 2026, subject to customary closing conditions, including regulatory approvals.
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
Investor Relations
Global-e
IR@global-e.com
Press Contact:
Allison Grey
Headline Media
Globale@headline.media
+1 323 283 8176
Headline Media
Globale@headline.media
+1 323 283 8176
FAQ
What acquisition did Global-e (GLBE) announce in its May 2026 Form 6-K?
Global-e announced a definitive agreement to acquire Passport Global Inc., a US-based cross-border e-commerce logistics and solutions company. The deal aims to enhance Global-e’s logistics capabilities across cross-border, domestic and last-mile delivery, and expand its offering to additional merchant segments.
How much is Global-e paying to acquire Passport Global Inc.?
Global-e agreed to pay $350 million in upfront consideration, funded by roughly equal portions of cash on hand and ordinary shares. An additional contingent consideration of up to $75 million may be paid if Passport achieves specified financial results in 2026, aligning part of the price with performance.
What financial impact is expected from Passport on Global-e (GLBE) in 2026?
Passport is expected to generate approximately $100 million in revenues in calendar year 2026, with a rapid growth rate slightly exceeding Global-e’s. The acquisition is expected to have a neutral to slightly positive effect on Global-e’s Adjusted EBITDA contribution in the second half of 2026, according to management.
When is the Global-e and Passport acquisition expected to close?
The transaction is expected to close in early July 2026, subject to customary closing conditions and regulatory approvals. This timeline reflects the need to obtain required governmental and regulatory clearances and satisfy the conditions outlined in the merger agreement before completion.
How does Passport expand Global-e’s logistics and service offering?
Passport brings an asset-light, multi-carrier logistics network, focusing on cross-border, domestic and last-mile deliveries, plus direct injection, consolidated returns and customs brokerage. It will also continue offering a non-Merchant of Record solution, enabling Global-e to serve additional merchant segments preferring that operating model.
Will Passport’s CEO remain involved after the Global-e acquisition?
Following closing, Passport’s founder and CEO, Alex Yancher, is expected to join Global-e’s executive management team and lead the integrated Passport business. This continuity is intended to preserve Passport’s expertise while aligning its operations with Global-e’s broader e-commerce platform and strategy.