Gloo Plans Stock Offering to Raise $6 Million
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.
