Gloo Announces Proposed Public Offering of Class A Common Stock
Gloo Holdings, Inc. (Nasdaq: GLOO), a leading technology platform for the faith and flourishing ecosystem, today announced that it has commenced a proposed underwritten public offering of 7,000,000 shares of its Class A common stock. In connection with the proposed offering, Gloo expects to grant the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of Class A common stock at the public offering price, less underwriting discounts and commissions.
Gloo intends to use the net proceeds from the proposed offering for general corporate purposes, including acquisitions and investments in businesses, products, services or technologies, working capital, operating expenses and capital expenditures.
In addition, Scott Beck, Pat Gelsinger, and certain other members of Gloo’s board of directors and their affiliated entities have indicated their interest in purchasing at least $6.0 million in shares of Class A common stock being offered in this proposed offering at the public offering price.
Citizens Capital Markets is acting as lead book-running manager for the proposed offering and Roth Capital Partners is acting as book-running manager for the proposed offering. Benchmark, a StoneX Company, and Loop Capital Markets are acting as co-managers for the proposed offering.
