Gloo Holdings announces availability of press release on public offering closing
GLOO•Public offering closes
- Gloo closed a public offering of 7,000,000 Class A shares at $3.25 per share, raising $22.75 million in gross proceeds.
- Underwriters hold a 30-day option for 1,050,000 additional shares, lifting potential gross proceeds to about $26.16 million.
Use of proceeds and insider participation
- Net proceeds are earmarked for general corporate purposes, including acquisitions.
- Board members, including Scott Beck and Pat Gelsinger, bought about $6 million of shares in the deal.
