Cogent Communications完成出售10個數據中心，套現2.25億美元現金

EX-99.1
2
tm2619124d1_ex99-1.htm
EXHIBIT 99.1

 

 

Exhibit 99.1

 

 
 
 FOR
 IMMEDIATE RELEASE

 
 

 
  
 Cogent Contacts: 
  

 
  
 For Public
 Relations: 
 For Investor
 Relations:

 
  
 Jocelyn Johnson 
 John Chang

 
  
 + 1 (202) 295-4299 
 + 1 (202) 295-4212

 
  
 [email protected] 
 [email protected]

 

 

Cogent Communications
Announces

Closing of Sale of 10 Data Center Facilities

 

WASHINGTON, D.C., June 29, 2026 –
Cogent Communications Holdings, Inc. (“Cogent”) (NASDAQ: CCOI) today announced that its indirect wholly owned subsidiary,
Cogent Fiber, LLC, has closed the previously announced sale of 10 data center facilities for an aggregate purchase price of $225 million
in cash to a newly formed entity sponsored by I Squared Capital.

 

The 10 facilities are located in Phoenix,
AZ, Anaheim, CA, Burbank, CA, Stockton, CA, Atlanta, GA, Chicago, IL, Elkridge, MD, Kansas City, MO, Nashville, TN and Houston, TX.

 

About Cogent

 

Cogent (NASDAQ: CCOI) is a facilities-based
provider of low cost, high speed Internet access and private network services to bandwidth intensive businesses. Cogent’s facilities-based,
all-optical IP network provides services in 306 markets globally.

 

Cogent is headquartered at 2450 N Street,
NW, Washington, D.C. 20037. For more information, visit www.cogentco.com. Cogent can be reached in the United States at (202)
295-4200 or via email at [email protected].

 

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):
June 29, 2026

 

Cogent Communications Holdings, Inc.

(Exact name of registrant as specified in
its charter)

 

 Delaware
  
 000-51829
  
 46-5706863

 (State
 or other jurisdiction of

 incorporation)
  
 (Commission
 File Number)
  
 (IRS
 Employer Identification No.)

 

 2450 N St. NW, Washington, D.C.
  
 20037

 (Address of principal executive offices)
  
 (Zip Code)

 

Registrant’s telephone number, including
area code:    202-295-4200

 

                                Not
Applicable                                

(Former name or former address, if
changed since last report)

 

Check the appropriate box below if the Form 8-K filing
is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨   
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of
the Act:

 

 
 Title of each class
 Trading Symbol
 Name
 of each exchange on which

 registered

 
 Common Stock, par value $0.001 per share
 CCOI
 NASDAQ Global Select Market

 
  

Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of
the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth
company   ¨

 

If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

  

  

 

 

Item 7.01. Regulation FD Disclosure.

 

As previously announced, on May 22, 2026, Cogent Fiber, LLC, a Delaware
limited liability company (the "Seller") and an indirect wholly owned subsidiary of Cogent Communications Holdings, Inc. (the
"Company"), entered into a Purchase and Sale Agreement (the "Purchase Agreement") with an affiliate of I Squared Capital
(the "Buyer"), providing for the sale by the Seller to the Buyer of 10 data center facilities (the "Facilities"),
together with certain personal property and customer contracts located at each of the Facilities (such transactions contemplated by the
Purchase Agreement, collectively, the "Transaction"). In accordance with the terms and conditions set forth in the Purchase
Agreement, on June 29, 2026 (the "Closing Date"), the Seller completed the sale of the Facilities to the Buyer.

 

On the Closing Date, the Buyer consummated the Transaction pursuant
to the terms of the Purchase Agreement, providing an aggregate purchase price of $225 million in cash.

  

On June 29, 2026, the Company issued a press release announcing the
closing of the Transaction, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The information contained in this Current Report on Form 8-K is being
furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated
by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific
reference in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits.

 

 
 Exhibit 

 Number
  
 Description

 
  
  
  

 
 99.1
  
 Press Release of Cogent
 Communications Holdings, Inc. dated June 29, 2026.

 
 104
  
 Cover Page Interactive
 Data File (embedded within the Inline XBRL document).

 
 

  

  

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 
  
 Cogent Communications Holdings, Inc.

 
  
  

 
 June 29, 2026
 By: 
 /s/
 David Schaeffer

 
  
  
 Name: David Schaeffer

 
  
  
 Title:  President and Chief Executive Officer