Gloo Prices 7M Class A Shares at $3.25, Potential to Raise $26.16M
GLOO•Gloo priced 7,000,000 Class A shares at $3.25 each, raising $22.75 million before discounts and granting underwriters a 30-day option for 1,050,000 more shares to reach $26.16 million. The offering, closing July 10, 2026, will fund acquisitions, working capital and other corporate needs.
1. Offering Details
Gloo Holdings is offering 7,000,000 Class A shares at $3.25 per share, expecting gross proceeds of $22.75 million. Underwriters have a 30-day option to purchase up to 1,050,000 additional shares, which would increase gross proceeds to approximately $26.16 million.
2. Use of Proceeds
Net proceeds will fund general corporate purposes including acquisitions, investments in businesses, products or technologies, working capital, operating expenses and capital expenditures.
3. Insider Participation
Scott Beck, Pat Gelsinger and certain other board members and their affiliated entities have committed to purchase at least $6.0 million of shares at the public offering price, signaling confidence in the company's prospects.
4. Underwriting and Closing
Citizens Capital Markets is acting as lead book-running manager, with Roth Capital Partners as book-running manager and Benchmark and Loop Capital Markets as co-managers. The offering is expected to close on July 10, 2026, subject to customary closing conditions.
