Item 1.01 Entry into a Material Definitive Agreement.
Underwriting Agreement
On June 22, 2021, WillScot Mobile Mini Holdings Corp. (the "Company") entered
into an underwriting agreement (the "Underwriting Agreement") with Morgan
Stanley & Co. LLC (the "Underwriter") and Sapphire Holding S.à r.l. (the
"Selling Stockholder"). Pursuant to the Underwriting Agreement, the Selling
Stockholder agreed to sell 14,000,000 shares (the "Shares") of the Company's
common stock, par value $0.0001 per share (the "Common Stock"), to the
Underwriter at a price of $27.75 per Share (the "Offering"). Pursuant to the
Underwriting Agreement the Selling Stockholder also granted the Underwriter the
option, exercisable for 30 days, to purchase an additional 2,100,000 shares of
Common Stock.
The Underwriting Agreement contains customary representations, warranties and
covenants of the Company and also provides for customary indemnification by each
of the Company, the Selling Stockholder and the Underwriter against certain
liabilities and customary contribution provisions in respect of those
liabilities.
The sale of the Shares by the Selling Stockholder was made pursuant to the
Company's Registration Statement on Form S-3 (Registration No. 333-253710),
including a prospectus supplement dated June 22, 2021 to the prospectus
contained therein, dated March 1, 2021, filed by the Company with the Securities
and Exchange Commission pursuant to Rule 424(b)(7) under the Securities Act of
1933, as amended.
The foregoing description of the Underwriting Agreement is qualified in its
entirety by reference to the Underwriting Agreement, a copy of which is filed as
Exhibit 1.1 to this Current Report on Form 8-K and incorporated herein by
reference.
Item 8.01 Other Events.
On June 22, 2021, the Company issued a press release announcing the launch of
the Offering and concurrent Share Repurchase (defined below) by the Company from
the Selling Stockholder, which is filed herewith as Exhibit 99.1 and
incorporated by reference herein. On June 23, 2021, the Company issued a press
release announcing the pricing of the Offering at a price to the public of
$27.95 per Share, which is filed herewith as Exhibit 99.2 and incorporated by
reference herein.
On June 15, 2021, the Company and the Selling Stockholder entered into a Share
Repurchase agreement (the "Share Repurchase Agreement") pursuant to which the
Company agreed to repurchase, directly from the Selling Stockholder, 3,900,000
shares of the Company's Common Stock (the "Share Repurchase"). For additional
information on the Share Repurchase, please see the Company's Current Report on
Form 8-K, filed with the Securities and Exchange Commission on June 22, 2021,
and the Share Repurchase Agreement filed as Exhibit 10.1 thereto and
incorporated by reference therein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Exhibit Description
1.1 Underwriting Agreement, dated June 22, 2021, by and between WillScot
Mobile Mini Holdings Corp, Sapphire Holdings, S.à r.l. and Morgan
Stanley & Co. LLC.
99.1 Press Release of WillScot Mobile Mini Holdings Corp., dated June 22,
2021.
99.2 Press Release of WillScot Mobile Mini Holdings Corp., dated June 23,
2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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