Tutanota Announces Expiration of Offer for Shares of NIKE Without Satisfaction of Tender Conditions

NEW YORK - Sept. 11, 2024 - PRLog -- Tutanota LLC ("Purchaser") announces that its previously-announced tender offer (the "Offer") to acquire up to 500,000 shares of common stock (the "Shares") of NIKE, Inc. for $80.00 per Share (the "Offer Price") has expired without the conditions of the Offer being met.

The Offer was subject to closing conditions set forth in the Offer to Purchase, dated August 12, 2024, including the closing price of the Shares on the NYSE on the last full trading day prior to the Expiration Date exceeding the Offer Price and Purchaser obtaining financing necessary to fund Purchaser's financial obligations arising from the Offer.

The Offer was scheduled to expire at 5:00 p.m., New York City time, on Wednesday, September 11, 2024. Purchaser will not accept any tendered Shares for payment. All tendered Shares will be returned promptly to the holders.

This press release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell shares or any other securities.

Tutanota LLC is a private investment company that specializes in investing in publicly traded securities.