CrowdStrike Recommends Stockholders Reject the “Mini-Tender” Offer by Tutanota LLC

CrowdStrike Recommends Stockholders Reject the “Mini-Tender” Offer by Tutanota LLC

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) today announced that it has received notice of an unsolicited mini-tender offer by Tutanota LLC, a limited liability company established pursuant to the laws of the Island of Nevis (“Tutanota”) to purchase up to 500,000 shares of CrowdStrike common stock at a price of $260.00 per share in cash. The offer price of $260.00 per share is conditioned on, among other things, the closing price per share of CrowdStrike common stock exceeding $260.00 per share on the last trading day before the offer expires. This means that unless this condition is waived by Tutanota, CrowdStrike stockholders who tender their shares in the offer will receive a below-market price. The offer states that as of the date of the offer, Tutanota expects to extend the offer until the market price of CrowdStrike’s common stock exceeds the offer price. The offer is for less than 0.05% of the shares of CrowdStrike common stock outstanding as of the offer date.