Gloo closes 7,000,000-share follow-on offering at $3.25 per share

Gloo closed an underwritten public offering of 7,000,000 Class A common shares at $3.25 each.

• Gross proceeds totaled $22.75 million.
• Underwriters hold a 30-day option for 1,050,000 additional shares, which would lift gross proceeds to about $26.16 million.
• Net proceeds are earmarked for general corporate purposes, including acquisitions, investments, working capital, operating expenses and capital expenditures.
• Board members and affiliated entities, including Scott Beck and Pat Gelsinger, purchased about $6 million of shares in the deal.