Gloo plans to use offering proceeds for acquisitions, investments and working capital
GLOO•Use of offering proceeds
Gloo plans to deploy net proceeds from its $22.75 million equity offering toward general corporate purposes.
Capital is earmarked for acquisitions, investments in products or technologies, working capital, operating costs, and capital spending.
Potential increase from underwriter option
Underwriters hold a 30-day option for 1,050,000 additional shares, which could lift potential gross proceeds to about $26.16 million.
