Jun. 22 at 10:36 PM
Gloo Holdings fell in after-hours trading after filing an S-1 registration statement with the U.S. SEC for a public offering of its Class A common stock. The company did not disclose the number of shares or pricing details in the preliminary prospectus.
The offering will be underwritten by Citizens Capital Markets and Roth Capital Partners. Gloo, based in Boulder, Colorado, trades on the Nasdaq Global Select Market and has a dual-class structure, with Class A shares carrying one vote per share and Class B shares carrying ten votes per share, giving founder and CEO Scott Beck significant ongoing control.
Beck, along with another executive and board member, has indicated preliminary interest in purchasing shares at the offering price, though these indications are non-binding. The company also granted underwriters an option to purchase additional shares at the offering price, net of underwriting discounts.
$GLOO