Cyxtera Technologies, Inc. announced that it has entered into a subscription agreement to issue 25,000,000 common shares of class A at a price of $10 per share for gross proceeds of $250,000,000 on February 21, 2021. The transaction will include participation from certain investors, including Fidelity Management & Research Company LLC and certain clients of Starboard Value LP for 6,000,000 shares for gross proceeds of $60,000,000. The company will issue securities in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.