Summary
Intercontinental Exchange, Inc. (ICE) filed an 8-K on September 8, 2020, primarily to announce the filing of a prospectus supplement related to the resale of shares by a selling stockholder. These shares, totaling up to 18,361,137, represent the stock consideration issued as part of ICE's acquisition of Ellie Mae Intermediate Holdings I, Inc. and its subsidiary, Ellie Mae, Inc. This filing allows the selling stockholder to legally offer these shares for resale in the public market.
Key Highlights
- 1ICE filed a prospectus supplement on September 8, 2020, concerning the resale of common stock.
- 2The resale pertains to up to 18,361,137 shares of ICE common stock.
- 3These shares were issued as consideration for the acquisition of Ellie Mae.
- 4The filing enables a specific selling stockholder to resell these shares.
- 5A legal opinion from Sullivan & Cromwell LLP is included as an exhibit, supporting the legality of the share issuance and resale.