Glu Mobile Announces Proposed Public Offering of Common Stock
(Thomson Reuters ONE) -
Glu Mobile Announces Proposed Public Offering of Common Stock
SAN FRANCISCO - September 11, 2013 - Glu Mobile Inc. (NASDAQ:GLUU), a leading
global developer and publisher of free-to-play games for smartphone and tablet
devices, today announced its intention to offer shares of its common stock in an
underwritten public offering. Glu expects to grant the underwriters a 30-day
option to purchase up to an additional 15 percent of the shares of common stock
offered in the public offering to cover over-allotments, if any. The offering is
subject to customary conditions and there can be no assurance as to whether or
when the offering may be completed, or as to the actual size or terms of the
offering.
Canaccord Genuity Inc. is acting as the sole book-running manager for the
offering. Glu expects to use the net proceeds from the offering for working
capital and other general corporate purposes, which may include growing Glu's
third-party publishing business, further investment in the GluOn games-as-a-
service technology platform and the acquisition of, or investment in, companies,
technologies, products or assets that complement Glu's business.
The offering is being made pursuant to an effective shelf registration statement
previously filed with the Securities and Exchange Commission (SEC). A
preliminary prospectus supplement and accompanying prospectus describing the
terms of the offering will be filed with the SEC. Any offer, if at all, will be
made only by means of a prospectus supplement and accompanying prospectus
forming a part of the effective registration statement. Before investing, you
should read the prospectus supplement and the accompanying prospectus, and other
documents that Glu has filed or will file with the SEC, for information about
Glu Mobile and this offering.
When available, copies of the preliminary prospectus supplement and accompanying
prospectus relating to the offering may be obtained by sending a request to the
offices of Canaccord Genuity Inc., Attn: Syndicate Department, 99 High Street,
12th Floor, Boston, MA 02110, or by calling (617) 371-3900. The preliminary
prospectus supplement and accompanying prospectus also will be available on the
SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell, or the solicitation of
an offer to buy, any of the securities, nor shall there be any sale of these
securities, in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state.
Forward-Looking Statements
This press release contains certain "forward-looking statements" related to the
businesses of Glu Mobile Inc. which can be identified by the use of forward-
looking terminology such as "believes," "expects," "plans" or similar
expressions, including expectations regarding completion of and anticipated
proceeds from the proposed public offering, and the planned use of such
proceeds. Such forward-looking statements involve known and unknown risks and
uncertainties, including, but not limited to, whether or not Glu will offer
shares of its common stock or consummate the offering, the final terms of the
offering, which could differ based upon market conditions, the anticipated use
of the proceeds of the offering, which could change as a result of market
conditions or for other reasons, and the impact of general economic, industry or
political conditions in the United States or internationally. Certain of these
risks and uncertainties are or will be described in greater detail in our public
filings with the SEC . Glu is not under obligation to (and expressly disclaims
any such obligation to) update or alter its forward-looking statements whether
as a result of new information, future events or otherwise.
SOURCE: Glu Mobile Inc.
Investor Relations Contact:
ICR, Inc.
Seth Potter, 646-277-1230
ir(at)glu.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Glu Mobile Inc. via Thomson Reuters ONE
[HUG#1728760]
Unternehmensinformation / Kurzprofil:
Datum: 11.09.2013 - 22:00 Uhr
Sprache: Deutsch
News-ID 295815
Anzahl Zeichen: 4896
contact information:
Town:
San Francisco
Kategorie:
Business News
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