Item 8.01. Other Events.
On August 9, 2021, MercadoLibre, Inc. (the "Company") terminated certain of its
outstanding capped call transactions (the "Relevant Capped Call Transactions").
The Company entered into the Relevant Capped Call Transactions on August 21,
2018, August 29, 2018, November 7, 2018, June 12, 2019 and June 1, 2020 to
hedge, in part, its obligation to deliver shares of its common stock, par value
$0.001 per share ("Common Stock"), upon conversion of its 2.00% Convertible
Senior Notes due 2028 (the "Convertible Notes"). $880,000,000 aggregate
principal amount of the Convertible Notes were initially issued, of which
$439,092,000 aggregate principal amount remains outstanding as of the date
hereof. As consideration for termination of the Relevant Capped Calls, the
Company will receive $294,357,685.66 in cash and 89,978 shares of Common Stock.
Forward-Looking Statements
Any statements herein regarding MercadoLibre, Inc. that are not historical or
current facts are forward-looking statements. These forward-looking statements
convey MercadoLibre, Inc.'s current expectations or forecasts of future events.
Forward-looking statements regarding MercadoLibre, Inc. involve known and
unknown risks, uncertainties and other factors that may cause MercadoLibre,
Inc.'s actual results, performance or achievements to be materially different
from any future results, performances or achievements expressed or implied by
the forward-looking statements. Certain of these risks and uncertainties are
described in the "Risk Factors," "Forward-Looking Statements" and "Cautionary
Statement Regarding Forward-Looking Statements" sections of MercadoLibre, Inc.'s
annual report on Form 10-K for the year ended December 31, 2020, and quarterly
report on Form 10-Q for the quarter ended March 31, 2021, and any of
MercadoLibre, Inc.'s other applicable filings with the SEC. Unless required by
law, MercadoLibre, Inc. undertakes no obligation to publicly update or revise
any forward-looking statements to reflect circumstances or events after the date
hereof.
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