Gloo Holdings has priced its underwritten public offering of 7 million shares of Class A common stock at $3.25 per share, expecting total gross proceeds of approximately $22.75 million before fees and expenses. Following the announcement, shares fell 9.8% in after-hours trading on Wednesday. Underwriters have a 30-day option to purchase up to an additional 1.05 million shares, which would raise total gross proceeds to about $26.16 million if fully exercised. Board members including Scott Beck and Pat Gelsinger have committed to buying at least $6 million in Class A common stock at the offering price. The company plans to use the net proceeds for general corporate purposes, including working capital, operating expenses, capital expenditures, and potential strategic acquisitions or technology investments. The offering is expected to close on Friday, July 10, 2026, subject to customary conditions.
Gloo Holdings, Inc. Class A Common StockPriced 7M share offering at $3.25, diluting existing shareholders; stock dropped 9.8% after hours.