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Datadog Announces Proposed Private Offering of $775 Million of Convertible Senior Notes

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NEW YORK, Dec. 9, 2024 /PRNewswire/ — Datadog, Inc. (Nasdaq: DDOG) (“Datadog”), the monitoring and security platform for cloud applications, today announced that it intends to offer, subject to market conditions and other factors, $775 million aggregate principal amount of Convertible Senior Notes due 2029 (the “notes”) in a private placement (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Datadog also intends to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $116.25 million aggregate principal amount of notes.

The notes will be general unsecured obligations of Datadog, will accrue interest payable semiannually in arrears and will mature on December 1, 2029, unless earlier converted, redeemed or repurchased. Upon conversion, Datadog will pay or deliver, as the case may be, cash, shares of Datadog’s Class A common stock, par value $0.00001 per share (“Class A common stock”), or a combination of cash and shares of Class A common stock, at its election. The interest rate, initial conversion rate, repurchase or redemption rights and other terms of the notes will be determined at the time of pricing of the offering.

Datadog expects to use a portion of the net proceeds from the offering to pay the cost of the capped call transactions described below and to repurchase for cash a portion of Datadog’s outstanding 0.125% Convertible Senior Notes due 2025 (the “2025 notes”) as described below. Datadog expects to use the remaining net proceeds from the offering for general corporate purposes, which may include acquisitions or strategic investments in complementary businesses or technologies, although Datadog does not currently have any plans for any such acquisitions or investments, additional repurchases or repayment of the 2025 notes and working capital, operating expenses and capital expenditures. If the initial purchasers exercise their option to purchase additional notes, Datadog expects to use a portion of the net proceeds from the sale of the additional notes to enter into additional capped call transactions with the option counterparties as described below and the remainder for general corporate purposes as described above. 

In connection with the pricing of the notes, Datadog expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers or affiliates thereof and/or other financial institutions (the “option counterparties”). The capped call transactions will cover, subject to customary adjustments substantially similar to those applicable to the notes, the number of shares of Class A common stock initially underlying the notes. The capped call transactions are generally expected to reduce the potential dilution to the Class A common stock upon any conversion of notes and/or offset any cash payments Datadog is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap.

In connection with establishing their initial hedges of the capped call transactions, Datadog expects the option counterparties or their respective affiliates will enter into various derivative transactions with respect to the Class A common stock and/or purchase shares of Class A common stock concurrently with or shortly after the pricing of the notes, including with, or from, certain investors in the notes. This activity could increase (or reduce the size of any decrease in) the market price of the Class A common stock or the trading price of the notes at that time.

In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the Class A common stock and/or purchasing or selling shares of Class A common stock or other securities of Datadog in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so during any observation period related to a conversion of notes or, to the extent Datadog exercises the relevant election under the capped call transactions, following any repurchase or redemption of the notes). This activity could also cause or avoid an increase or a decrease in the market price of the Class A common stock or the trading price of the notes, which could affect a holder’s ability to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the number of shares, if any, and value of the consideration that a holder will receive upon conversion of its notes.

Additionally, Datadog expects to repurchase for cash a portion of its 2025 notes in privately negotiated transactions to be entered into concurrently with the pricing of the notes in the offering with or through one of the initial purchasers or its affiliate (the “note repurchase transactions”). The terms of the note repurchase transactions are anticipated to be individually negotiated with each holder of the 2025 notes and will depend on several factors, including the market price of the Class A common stock and the trading price of the 2025 notes at the time of such note repurchase transactions. No assurance can be given as to how much, if any, of the 2025 notes will be repurchased or the terms on which they will be repurchased. Datadog may also repurchase additional outstanding 2025 notes following completion of the offering. This press release is not an offer to repurchase the 2025 notes and the offering of the notes is not contingent upon the repurchase of any 2025 notes.

In connection with any note repurchase transaction, Datadog expects that holders of the 2025 notes who agree to have their 2025 notes repurchased and who have hedged their equity price risk with respect to such 2025 notes (the “hedged holders”) will unwind all or part of their hedge positions by buying the Class A common stock and/or entering into or unwinding various derivative transactions with respect to the Class A common stock or other securities of Datadog. The amount of the Class A common stock to be purchased by the hedged holders or in connection with such derivative transactions may be substantial in relation to the historic average daily trading volume of the Class A common stock. This activity by the hedged holders could increase (or reduce the size of any decrease in) the market price of the Class A common stock, including concurrently with the pricing of the notes, which could result in a higher effective conversion price of the notes. Datadog cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes or the Class A common stock.

Additionally, in connection with the issuance of the 2025 notes, Datadog entered into capped call transactions (the “existing capped call transactions”) with certain financial institutions (the “existing option counterparties”).  To the extent Datadog effects any note repurchase transactions, it intends to enter into agreements with the existing option counterparties to terminate a portion of the existing capped call transactions in a notional amount corresponding to the number of shares of the Class A common stock underlying the 2025 notes repurchased (such terminations, the “unwind transactions”).  In connection with any such terminations of the existing capped call transactions, Datadog expects such existing option counterparties and/or their respective affiliates will unwind various derivatives with respect to the Class A common stock and/or sell shares of the Class A common stock or other securities of Datadog in the secondary market.  This activity could decrease (or reduce the size of any increase in) the market price of the Class A common stock at that time and could decrease (or reduce the size of any increase in) the trading price of the notes.

Neither the notes, nor any shares of Class A common stock issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or any state securities laws, and unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, nor shall it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Datadog

Datadog is the observability and security platform for cloud applications. Our SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, user experience monitoring, cloud security and many other capabilities to provide unified, real-time observability and security for our customers’ entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.

Forward-Looking Statements

This press release contains “forward-looking” statements, as that term is defined under the federal securities laws, including statements concerning the proposed terms and the anticipated completion, timing and size of the proposed offering of the notes, the capped call transactions, the note repurchase transactions and any unwind transactions, the anticipated use of proceeds from the offering, and the potential impact of the foregoing or related transactions on dilution to holders of the Class A common stock and the market price of the Class A common stock, the trading price of the notes or the conversion price of the notes. These forward-looking statements are based on Datadog’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause Datadog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. These risks include, but are not limited to market risks, trends and conditions. These and other risks are more fully described in Datadog’s filings with the Securities and Exchange Commission (“SEC”), including in the section entitled “Risk Factors” in its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2024 and other filings and reports that Datadog may file from time to time with the SEC.  Forward-looking statements represent Datadog’s beliefs and assumptions only as of the date of this press release. Datadog disclaims any obligation to update forward-looking statements.

CONTACT INFORMATION

Yuka Broderick
Datadog Investor Relations
IR@datadoghq.com

Dan Haggerty
Datadog Corporate Communications
press@datadoghq.com

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SOURCE Datadog, Inc.

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Technology

Robinson Nuclear Plant receives approval from U.S. Nuclear Regulatory Commission to continue operating until 2050

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47 minutes ago

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April 23, 2026

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License extension supports growing energy demand, helps keep customer costs as low as possibleExtended operation provides significant economic benefits for Pee Dee region

Editor’s note: Visit the Duke Energy News Center for downloadable B-roll and high-resolution images of Robinson Nuclear Plant.

CHARLOTTE, N.C., April 23, 2026 /PRNewswire/ — The U.S. Nuclear Regulatory Commission (NRC) has renewed the operating license for Duke Energy’s Robinson Nuclear Plant for an additional 20 years, extending the plant’s ability to deliver reliable energy until 2050.

Robinson, located in Hartsville, S.C., provides enough energy to power 570,000 homes and plays an important role in protecting reliability and affordability for customers as regional electricity demand continues to grow.

What they’re saying

South Carolina Gov. Henry McMaster: “South Carolina’s energy needs continue to rise, and extending Robinson Nuclear Plant’s operating license preserves a reliable, affordable source of nuclear energy our state depends on. This plant ensures we have the power needed to support jobs and strengthen communities across the Pee Dee region.”Congressman Russell Fry (SC-07): “For 50 years, Robinson Nuclear Plant has been the backbone of South Carolina’s nuclear fleet. The extension of its license is monumental for the Pee Dee and allows Duke Energy to continue providing affordable, reliable electricity to homes and businesses in the region. This renewal is a win for families in the Pee Dee, Robinson Nuclear Plant’s employees and Darlington County as a whole.”Steven Capps, chief nuclear officer for Duke Energy: “Extending the operating life of this proven asset helps us deliver low-cost, always-on electricity for customers while supporting jobs and energy security for the region. Robinson’s subsequent license renewal reflects the strength of our safety culture and the rigorous work our teams do every day to support our communities.”

Why it matters

Duke Energy’s nuclear fleet provides about 51% of customers’ energy needs in the Carolinas, making nuclear energy an essential component of the company’s diverse generation portfolio.License renewal extends the use of cost-effective generation, resulting in significant savings for customers over time.Extended operation sustains significant economic benefits for Darlington County and the broader Pee Dee region.

Robinson by the numbers

Delivers 759 megawatts (MW) of electricity, powering nearly 570,000 homes.Nearly 500 high-paying jobs supported.$1.7 billion in equipment upgrades completed.Approximately $28 million in annual local tax contributions.

Go deeper

U.S. nuclear facilities are licensed by the NRC. The process to renew a license requires a comprehensive analysis and evaluation to ensure the plant can safely be operated for the period of extended operation.Robinson’s original 40-year operating license was granted by the NRC in 1970, making it one of the first commercial nuclear power plants in the Southeast. Robinson’s initial license was renewed for an additional 20 years of operation until 2030, and the subsequent license renewal allows for continued operations until 2050.Robinson is the second Duke Energy nuclear facility to receive approval for subsequent license renewal, following Oconee Nuclear Station in 2025. Duke Energy plans to seek subsequent license renewal for all 11 operating units across its nuclear fleet.For more background and updates on the subsequent license renewal process, visit Duke Energy’s subsequent license renewal webpage.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company’s electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.

Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.

More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.

Contact: Mikayla Kreuzberger
24-Hour: 800.559.3853

View original content to download multimedia:https://www.prnewswire.com/news-releases/robinson-nuclear-plant-receives-approval-from-us-nuclear-regulatory-commission-to-continue-operating-until-2050-302752297.html

SOURCE Duke Energy

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Technology

Cin7 Appoints Sheldon Cummings as Chief Executive Officer

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47 minutes ago

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April 23, 2026

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Seasoned SMB technology leader joins to drive AI-powered growth for inventory and commerce platform

DENVER, April 23, 2026 /PRNewswire-PRWeb/ — Cin7, a leading inventory management and connected commerce platform for small and mid-sized businesses (SMBs), today announced the appointment of Sheldon Cummings as Chief Executive Officer, effective April 20th. Sheldon succeeds Ajoy Krishnamoorthy, who is stepping down after leading the company through a significant period of product investment, global expansion, and customer growth.

I’m thrilled to be joining Cin7 at such a defining moment for both the company and the future of commerce.

“Leading Cin7 over these past few years has been one of the most rewarding experiences of my career,” said Ajoy. “I am proud of the work that we’ve done to improve the product, unite our global team, and deepen our connection with our customers. I’m confident that Sheldon is the right leader for Cin7’s next phase and I look forward to watching this team take the business to the next level.”

Sheldon brings more than 25 years of experience scaling technology businesses that serve small and mid-sized businesses. He most recently served as President and General Manager of the Corporate Business Unit at Smarsh. Prior to Smarsh, he served as Chief Operating Officer of Mailchimp, leading revenue, strategy, and operations across one of the world’s most widely used SaaS platforms for small businesses. He has also held senior leadership roles at Intuit, including Vice President of Sales, where he contributed to scaling go-to-market engines for SMB and Mid-Market focused products.

Sheldon joins Cin7 at a pivotal moment as AI reshapes how businesses manage inventory, fulfill orders, and connect their commerce operations. Already deeply invested in AI, Cin7 is positioned to lead the transformation by delivering smarter, faster, and more connected capabilities to its customers around the world.

“I am thrilled to be joining Cin7 at such a defining moment,” said Sheldon Cummings. “Cin7 has built something genuinely valuable. It has real product depth, a passionate global team, and a large market still full of opportunity. There is a compelling opportunity to become the intelligent commerce platform for SMB and Mid-Market product sellers across the globe. To be the one that harnesses the power of AI to help businesses operate better and grow faster. I am excited to partner with this team to chase that opportunity and to continue delivering the innovation our customers deserve.”

Cin7 serves thousands of businesses worldwide, helping them manage inventory, streamline operations, and connect their sales channels through a single, powerful platform. With teams in the United States, United Kingdom, New Zealand, Australia, Sri Lanka, the United Arab Emirates, India, and the Czech Republic, Cin7 operates as a truly global business with a local commitment to every market it serves.

About Cin7

Cin7 is the leading inventory management and connected commerce platform for small and mid-sized product businesses. Cin7 helps growing brands manage inventory, automate workflows, and connect their sales channels, from e-commerce to wholesale to retail, in one powerful, easy-to-use platform. With over 8,500+ customers in over 100 countries processing over 125 million orders annually, Cin7 is a global business on a mission to make commerce simpler, smarter, and more connected for product sellers everywhere. For more information, visit www.cin7.com.

Media Contact

Karla Fleege, Cin7, 1 509-413-0025, pr@cin7.com, www.cin7.com

View original content:https://www.prweb.com/releases/cin7-appoints-sheldon-cummings-as-chief-executive-officer-302752187.html

SOURCE Cin7

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ShareRing, TKC and Transformational Launch Thailand’s First National Trust Infrastructure for Verifiable Credentials, with Production Rollout Starting June 2026

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47 minutes ago

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April 23, 2026

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A three-party alliance between ShareRing, publicly listed digital infrastructure provider TKC, and Thailand digital transformation firm Transformational will deliver the country’s first integrated Verifiable Credential and Digital Document Wallet infrastructure, anchored on ShareRing’s Privacy KYC technology.

BANGKOK, April 23, 2026 /PRNewswire-PRWeb/ — Turnkey Communication Services PCL (TKC), in partnership with Transformational and ShareRing, today announced a strategic alliance to launch Thailand’s first integrated Verifiable Credential and Digital Document Wallet infrastructure, bridging the trust gap between government and private sector transactions.

We are building the trust layer that the whole country runs on.

“This partnership is about establishing a ‘National Trust Infrastructure,’ which is a critical national policy direction,” said Mr. Sayam Tiewtranon, CEO of TKC. “TKC’s role is to merge our existing infrastructure with global technology standards to drive widespread adoption in alignment with MDES and ETDA. We aim to reduce costs and increase transparency without burdening existing systems, while ensuring future international connectivity.”

Thailand’s Digital Paradox: Connectivity vs. Physical Friction

Despite a 95 percent internet penetration rate, the transactions that matter most, proving where you live, verifying a professional qualification, or applying for a loan, still require a physical visit and photocopies. “In 2026, citizens are still taking half-days off work to manage paperwork at service counters that close at 3 PM,” said Khun Ariya Banomyong, CEO of Transformational, and former Country Head of Google Thailand and Managing Director of LINE Thailand. “What Thailand lacks is a shared infrastructure layer connecting verified documents to real transactions.”

The High Cost of Unverifiable Documents

Reliance on paper documents leaves citizens and businesses vulnerable. “Paper documents are the ‘weakest link’ in the trust chain; easy to forge and impossible to verify,” Mr. Ariya added. “Once data is on paper, you lose control. For businesses, scanned affidavits prove nothing without independent verification, exposing them to massive risks, from unauthorized directorship changes to fraudulent contracts. Nationally, the cost is measured in hundreds of billions of baht in untraceable educational loan portfolios and public services.”

The Solution: Digital Document Wallet plus Verifiable Credential

The alliance introduces a Digital Document Wallet infrastructure, acting as a “Digital Twin” for critical documentation. Powered by ShareRing’s blockchain technology, already deployed in multiple international markets, the platform supports a wide array of Verifiable Credentials. It is designed to accommodate professional licences, employment certifications, company affidavits, academic transcripts and other identity documents as they transition into the ecosystem.

A Three-Party Architecture

The alliance is designed around three complementary roles. TKC provides the national infrastructure footprint and institutional reach into Thai state-owned enterprises. Transformational leads enterprise and government delivery, translating national policy direction into operational rollout. ShareRing contributes the production Privacy KYC technology stack, already live in multiple international markets. ShareRing also holds a strategic equity stake in Transformational, aligning commercial incentives across delivery and technology beyond a standard vendor relationship.

What Institutions Actually Buy: Sovereign Issuance

The commercial offering at the core of the alliance is what ShareRing calls Sovereign Issuance. A government agency, university, regulator or large enterprise issues its own verifiable digital documents, from its own infrastructure, under its own seal. The end user holds the document on a personal device, gives explicit consent before anything is shared, and reveals only what the verifier requires through Zero-Knowledge Proofs. Verification happens in real time, cryptographically, without the verifier ever needing to contact the issuer. Trust stays with the real authority, the issuer, rather than with a centralised intermediary.

Compliant with Global Security Standards (Private and Secure by Design)

The platform is built on privacy-first global standards, with User Consent at its core. It is W3C Verifiable Credential compliant, DIATF certified and ISO 27001:2022 accredited, and aligned with GDPR, Thailand’s PDPA and the Australian Privacy Act. Implementation is being tracked against the emerging OpenID for Verifiable Credentials (OID4VC) interoperability layer being shaped by ETDA.

“By utilizing Zero-Knowledge Proof (ZKP) and Self-Sovereign Identity (SSI), we ensure users verify information without exposing sensitive data,” said Mr. Tim Bos, Co-Founder and Co-CEO of ShareRing. “No information is accessed without explicit user consent, ensuring only the owner holds the access keys to their digital identity.”

From Policy to Implementation

The alliance focuses on providing enterprise-ready solutions to bridge the gap between policy and execution:

Seamless connectivity via SDKs and APIs for immediate integration into existing legacy systems.Sovereign issuance infrastructure enabling organisations to securely issue their own verifiable digital documents.Real-time verification to eliminate manual delays and fraudulent documentation risks.

“We are building the trust layer that the whole country runs on,” said Mr. Rohan Le Page, Founder and Co-CEO of ShareRing. “By deploying W3C-compliant and ISO-accredited technology, we are providing Thailand with an infrastructure built for global interoperability and international business expansion.”

Implementation Roadmap

“We are already in execution,” said Mr. Piya Jirapapongsa, Deputy Managing Director (Operations) at TKC. “Our first deployment goes live with a major state-owned enterprise in June 2026, followed by digital credential issuance for a network of Thai universities in August 2026, with active discussions underway across financial services, hospitality, and public administration.”

A Blueprint for the Region

Thailand is the first national-scale deployment of the alliance’s model. The partners intend the same architecture, a national infrastructure anchor, a locally credible delivery partner, and a W3C compliant identity and credential stack, to serve as a template for broader South East Asian rollout, with regional conversations already active.

For further project enquiries, please contact Mr. Ekkapol Promratanapong, Digital Product Director, TKC, who leads this initiative.

About Turnkey Communication Services PCL (TKC)

TKC is Thailand’s full-service digital infrastructure provider, covering telecommunications, cybersecurity, and digital solutions for government and large enterprises. Led by CEO Sayam Tiewtranon, the company focuses on building infrastructure that is resilient, secure, and compatible with international standards, supporting the country’s transition to a digital economy.

About Transformational Co., Ltd.

Digital transformation consultancy, working with corporate clients and state-owned enterprises, specialising in digital document trust infrastructure and verifiable credential solutions. Led by CEO Ariya Banomyong.

About ShareRing

ShareRing is a Privacy KYC and Verifiable Credential platform operating across multiple international markets. W3C Verifiable Credential compliant, DIATF certified, and ISO 27001:2022 accredited, ShareRing’s infrastructure is built for institutional scale. The company operates ShareLedger, a Cosmos-based Layer 1 calibrated for identity workloads, and ships the ShareRing Me consumer wallet and ShareRing Link enterprise SDK. ShareRing holds a strategic equity stake in Transformational Co., Ltd.

Media Contact

Rohan Le Page, ShareRing, 61 438094075, marketing@sharering.network, https://www.sharering.network

View original content:https://www.prweb.com/releases/sharering-tkc-and-transformational-launch-thailands-first-national-trust-infrastructure-for-verifiable-credentials-with-production-rollout-starting-june-2026-302752315.html

SOURCE ShareRing

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