GlobalSCAPE Announces Plan to Launch Modified Dutch Auction Tender Offer

SAN ANTONIO--(BUSINESS WIRE)--GlobalSCAPE, Inc. (NYSE American: GSB) (“GlobalSCAPE” and/or the “Company”) today announced its plan to launch a modified Dutch auction tender offer (“Tender Offer”) to purchase up to $15,000,000 in value of shares of its common stock, par value $0.001 per share (the “Shares”) at a purchase price not greater than $4.50 nor less than $4.00 per share. On August 20, 2018, the closing price of the Company’s common stock was $3.47 per share. The Tender Offer is expected to commence in the next few days and will remain open for 20 business days.