PETAH-TIKVA, Is ael, July 01, 2026 (GLOBE NEWSWIRE) — Global-e O li e Ltd. (NASDAQ: GLBE) (“Global-e” o the “Compa y”), the global e-comme ce e ableme t platfo m, today a ou ced that it has completed its acquisitio of Passpo t Global I c. (“Passpo t”), a US-based c oss-bo de e-comme ce logistics a d solutio s compa y.
As p eviously a ou ced, the acquisitio of Passpo t is expected to fu the st e gthe Global-e’s logistics capabilities, addi g adva ced sta da d shippi g solutio s powe ed by a efficie t, asset-light, multi-ca ie etwo k ac oss c oss-bo de , domestic, a d last-mile delive ies. The capabilities a d etwo k f om Passpo t will also e ha ce Global-e’s ability to execute di ect i jectio a d co solidated etu s, suppo ti g the delive y of scalable a d cost-effective logistics solutio s.
I additio , th ough the Passpo t b a d, Global-e will p ovide a o -Me cha t of Reco d ( o -MoR) solutio to add ess a d p ovide suppo t fo ce tai me cha t segme ts.
“We a e delighted to officially welcome the Passpo t team i to Global-e,” said Ni Debbi, P eside t of Global-e. “This is a team of exceptio al people who have built a diffe e tiated logistics busi ess, a d thei expe tise is a atu al exte sio of ou platfo m. By b i gi g Passpo t’s adva ced c oss-bo de logistics i f ast uctu e a d asset-light, multi-ca ie etwo k togethe with ou e d-to-e d platfo m, we ca delive mo e eliable a d cost-effective shippi g, faste delive y, a d a bette post-pu chase expe ie ce, c eati g eal, ta gible value fo ou me cha ts a d thei custome s a ou d the wo ld. We believe this combi atio will fu the diffe e tiate Global-e’s platfo m a d ei fo ce ou positio as the leadi g e able of global e-comme ce.”
“Officially joi i g Global-e ma ks a exciti g ew chapte fo Passpo t,” said Alex Ya che , Fou de a d CEO of Passpo t. “We built Passpo t to simplify a d optimize c oss-bo de logistics, a d becomi g pa t of Global-e allows us to pu sue that missio at a fa g eate scale. Global-e’s esou ces, expa sive platfo m, a d deep e-comme ce expe tise will allow us to accele ate g owth, u lock mea i gful ope atio al efficie cies, a d b i g eve g eate value to me cha ts a d shoppe s wo ldwide. I am th illed that we will be able to combi e ou capabilities with eve ythi g that Global-e b i gs to the table to help d ive the ext phase of i ovatio i c oss-bo de e-comme ce.”
As a ou ced o May 26, 2026, the $350 millio deal was fu ded via app oximately equal po tio s of cash o ha d a d o di a y sha es of Global-e. A additio al co ti ge t co side atio of up to $75 millio is subject to Passpo t achievi g ce tai fi a cial esults i 2026.
Passpo t’s fou de a d CEO Alex Ya che has joi ed the Global-e executive ma ageme t team as the CEO of Passpo t, a divisio of Global-e.
The Compa y will update its 2026 outlook to i clude the impact of the Passpo t acquisitio o its Q2 2026 ea i gs call, which is expected to take place i August.
Ce tai stateme ts i this p ess elease may co stitute “fo wa d-looki g” stateme ts a d i fo matio , withi the mea i g of Sectio 27A of the Secu ities Act of 1933, Sectio 21E of the Secu ities Excha ge Act of 1934, a d the safe ha bo p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995. The wo ds “believe,” “may,” “will,” “estimate,” “co ti ue,” “a ticipate,” “i te d,” “expect,” “i itiate,” “could,” “would,” “p oject,” “pla ,” “pote tially,” “p elimi a y,” “likely”, i cludi g egatives of those wo ds, a d simila exp essio s a e i te ded to ide tify fo wa d-looki g stateme ts, although ot all fo wa d-looki g stateme ts co tai these wo ds. Fo wa d-looki g stateme ts i clude, but a e ot limited to, stateme ts ega di g the expected timi g, completio a d effects of the Passpo t acquisitio , the be efits of the pote tial Passpo t acquisitio , Global-e’s busi ess st ategy a d competitive positio followi g the acquisitio , futu e esults of ope atio s, pla s, a d objectives, a d stateme ts that efe to p ojectio s, fo ecasts o othe cha acte izatio s of futu e eve ts o ci cumsta ces, i cludi g a y u de lyi g assumptio s. These a d othe fo wa d-looki g stateme ts a e ot gua a tees of futu e esults a d a e subject to isks, u ce tai ties, assumptio s a d othe impo ta t facto s, ma y of which a e outside the Compa y’s co t ol, that could cause actual esults, pe fo ma ce, o achieveme ts to be mate ially diffe e t f om a y futu e esults, pe fo ma ce, o achieveme ts exp essed o implied by such fo wa d-looki g stateme ts. These isks, u ce tai ties a d assumptio s i clude, but a e ot limited to: the timi g, eceipt a d te ms a d co ditio s of a y equi ed gove me tal a d egulato y app ovals of the Passpo t acquisitio that could educe a ticipated be efits o cause the pa ties to aba do the t a sactio ; the occu e ce of a y eve t, cha ge o othe ci cumsta ce that could give ise to the te mi atio of the me ge ag eeme t; the isk that the pa ties to the me ge ag eeme t may ot be able to satisfy the co ditio s to the Passpo t acquisitio i a timely ma e o at all; the possibility that some o all of a y a ticipated be efits with espect to the Compa y’s busi ess a d the t a sactio may ot be completed i acco da ce with the pa ties’ expected pla s o at all; the isk that the Compa y’s stock p ice may decli e sig ifica tly followi g the a ou ceme t of, o if the Passpo t acquisitio is ot co summated; isks that the Passpo t busi ess will ot be i teg ated successfully; failu e to ealize the sy e gies o be efits of the Passpo t acquisitio ; failu e to etai ou existi g me cha ts, o the g oss me cha dize value (GMV) ge e ated by such me cha ts; failu e to att act ew me cha ts, o the me cha ts we do att act fail to ge e ate GMV o eve ue compa able to ou cu e t me cha ts; failu e to develop o acqui e ew fu ctio ality o e ha ce ou existi g platfo m; failu e to successfully compete agai st cu e t a d futu e competitio ; failu e to i teg ate ou platfo m with e-comme ce platfo ms; failu e to mai tai the fu ctio ality of ou platfo m; failu e to ma age ou g owth effectively; isks associated with c oss-bo de sales a d ope atio s; isks associated with gove me tal expo t co t ols; the comp omise of pe so al i fo matio of ou me cha ts a d shoppe s we sto e; failu e to e ha ce ou eputatio a d awa e ess of ou platfo m; dimi ished dema d fo ou platfo m a d se vices as a esult of cha ges i laws a d egulatio s; actual o pe ceived failu e to comply with st i ge t a d cha gi g laws, egulatio s, sta da ds a d co t actual obligatio s elated to p ivacy, data p otectio a d data secu ity; failu e to adequately mai tai , p otect o e fo ce ou i tellectual p ope ty ights; ou ability to develop o mai tai the fu ctio ality of ou platfo ms, i cludi g eal o pe ceived e o s, failu es, vul e abilities, o bugs i ou platfo ms; a d othe facto s discussed u de the headi g “Risk Facto s”, u de headi g “Ope ati g a d Fi a cial Review a d P ospects,” a d u de headi g “Busi ess” i Global-e’s A ual Repo t o Fo m 20-F fo the yea e ded Decembe 31, 2025, filed with the SEC o Ma ch 26, 2026 a d othe docume ts filed with o fu ished by Global-e f om time to time with the Secu ities a d Excha ge Commissio (the “SEC”). You should ca efully co side the fo egoi g facto s. These stateme ts eflect ma ageme t’s cu e t expectatio s ega di g futu e eve ts a d ope ati g pe fo ma ce a d speak o ly as of the date of this docume t. Othe tha as equi ed by law, the e should ot be a expectatio that such i fo matio will i all ci cumsta ces be updated, suppleme ted, o evised whethe as a esult of ew i fo matio , cha gi g ci cumsta ces, futu e eve ts, o othe wise.
Global-e (Nasdaq: GLBE) is the wo ld’s leadi g platfo m e abli g a d accele ati g global, Di ect-To-Co sume e-comme ce. The chose pa t e of ove 1,500 b a ds a d etaile s ac oss No th Ame ica, EMEA, a d APAC, Global-e makes selli g i te atio ally as simple as selli g domestically. The compa y e ables me cha ts to i c ease the co ve sio of i te atio al t affic i to sales by offe i g o li e shoppe s i ove 200 desti atio s wo ldwide a seamless, localized shoppi g expe ie ce. Global-e’s e d-to-e d e-comme ce solutio s combi e best-i -class localizatio capabilities, big-data best-p actice busi ess i tellige ce models, st eamli ed i te atio al logistics, a d vast global e-comme ce expe ie ce, e abli g i te atio al shoppe s to buy seamlessly o li e a d etaile s to sell to a d f om, a ywhe e i the wo ld.
Passpo t is a c oss-bo de logistics a d e-comme ce e ableme t platfo m helpi g b a ds simplify i te atio al shippi g a d scale globally with co fide ce. Th ough a combi atio of i -house logistics i f ast uctu e, p op ieta y tech ology, a d AI-d ive systems, Passpo t st eamli es the complexities of global fulfillme t, customs, a d delive y. The platfo m e ables b a ds to ship to ove 220 ma kets wo ldwide with fast, eliable c oss-bo de delive y optio s th ough its global ca ie etwo k. Passpo t has ece tly expa ded i to i -cou t y fulfillme t a d local ope atio s, fu the imp ovi g delive y speed, efficie cy, a d last-mile pe fo ma ce ac oss key i te atio al ma kets. Passpo t suppo ts ove 1,000 e-comme ce me cha ts globally, helpi g them educe ope atio al complexity, i c ease delive y eliability, a d delive a seamless i te atio al shippi g expe ie ce at scale.
