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Callaway Golf Company announces the Proposed Public Offering of Common Stock by Selling Stockholders of a Shareholder Proposal of Public Stock

Callaway Golf Company announces the Proposed Public Offering of Common Stock by Selling Stockholders of a Shareholder Proposal of Public Stock

Callaway Golf Company announced today the commencement of a proposed underwritten public offering of 3,000,000 shares of its common stock to PEP TG Investments LP. Over the years, PEP TG Investments LP will grant the underwriters the 30-day option to buy up to 450,000 new shares at the public offering price, less underwriting discounts and commissions. Callaway isn't selling any of its shares in the offering and will not receive any proceeds from the sale of shares under the offer by PEP TG Investments LP. The proposed offer is subject to market and other conditions. It can be made clear whether or not the offering will be completed or whether it is the actual size or the terms of the offer.

Goldman Sachs & Co. LLC, BofA Securities and J.P. Morgan are joint book-running managers and MUFG is co-manager of the offering.

The public offering was made pursuant to a manual shelf registration statement on Form S-3 filed by Callaway and was mailed to the US Securities and Exchange Commission (SEC) and became effective immediately upon filing. The SEC will file a preliminary prospectus supplement and the accompanying prospectum relating to and describing the terms and conditions of the offering. The prospect will be available at www.sec.gov. When available, copies of the preliminary prospectus supplement and the accompanying prospector can be obtained by contacting: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York,

This press release does not constitute an offer to sell or a solicitation of osman's offer or offer of buy these securities, nor shall there be any sale or sale of these under any state or other jurisdiction in which such

Callaway Golf Company is about the Callaways Golf Co.

Callaway Golf Company (NYSE: ELY) is an unrivaled tech-enabled golf company with a global portfolio of global brands including Callaways Golf, Topgolf, Odyssey, OGIO, TravisM

Notes regarding future-looking statements should be read.

This press release contains forward-looking statements pertaining to the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Callaway's current intentions, expectations or beliefs regarding the proposed common stock offer. "aim," "anticipate," ("believe,",""expect," or "forecast," as "intend," such as," / "seek,"", "can",'should," and " Forward-looking statements include statements that are not historical facts, including statements relating to the offering, such as timing and size of the offer and the grant of option to buy additional shares. These statements are based on current information and expectations. The Annual Report on Form 10-K for the year ended December 31, 2020, and the forms 10-Q and 8-K subsequently filed with the Securities and Exchange Commission, is based on several risks and unknowns: market conditions, the trade In particular, there are or will be important factors that could have substantial impact on actual outcomes and results if they are not in reality significant and should differ materially from those identified in these statements. There is no assurance that any forward-looking statements will materialize. You're cautioned not to use caution against forward-looking statements that reflect expectations only from the date of this date. Callaway does not undertake any obligation to update or review any forward-looking statement publicly or publicly, whether due to new information, future developments or otherwise.

Investors' Contacts Contact. Brian Lynch-Lauren Scott (760) 931-1771[email protected] Brian (Claire)-based Laurel Scott (931-1777) (return protected)(760), 941-16771 (

SOURCE Callaway Golf Company SURCE Golf Co.

Related links

www.callawaygolf.com www-callawaysgolfer.org.

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