Glu Mobile Closes $15.2 Million Public Offering of Common Stock
(Thomson Reuters ONE) -
Glu Mobile Closes $15.2 Million Public Offering of Common Stock
SAN FRANCISCO - September 17, 2013 - Glu Mobile Inc. (NASDAQ:GLUU), a leading
global developer and publisher of free-to-play games for smartphone and tablet
devices, announced the closing of an underwritten public offering of 7,245,000
shares of its common stock at $2.10 per share for gross proceeds of $15.2
million. The aggregate amount of common shares sold reflects the exercise in
full by the underwriters of their option to purchase up to 945,000 additional
shares of common stock to cover over-allotments.
Glu received net proceeds of approximately $14.0 million from the sale of common
stock, after deducting the underwriters' discounts and other estimated offering
expenses. The net proceeds from the offering will be used for working capital
and other general corporate purposes, which may include growing Glu's 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.
Canaccord Genuity Inc. acted as the sole book-running manager for the offering
and Needham & Company, LLC and Roth Capital Partners, LLC acted as co-managers
for the offering.
The offering was made pursuant to an effective shelf registration statement
previously filed with the Securities and Exchange Commission (SEC). A final
prospectus supplement and accompanying prospectus describing the terms of the
offering were filed with the SEC. Any offer or sale 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.
Copies of the final 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 at (617) 371-3900. The final 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, 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#1729728]
Unternehmensinformation / Kurzprofil:
Datum: 17.09.2013 - 17:20 Uhr
Sprache: Deutsch
News-ID 297592
Anzahl Zeichen: 4790
contact information:
Town:
San Francisco
Kategorie:
Business News
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