Thrivent Financial sells $10,230 in Gloo Holdings stock

Gloo (Nasdaq: GLOO) said it has signed a definitive agreement to acquire Cedarstone, a financial and business outsourcing firm serving nonprofit organizations. Gloo expects the deal to close in its third quarter and said Cedarstone will keep its brand and leadership as a wholly owned Gloo Capital Partner. The company links the acquisition to its Applied AI strategy and margin expansion.

Gloo Holdings, Inc. (NASDAQ: GLOO) said it closed an underwritten public offering on July 10, selling 7 million shares of Class A common stock at $3.25 per share for $22.75 million in gross proceeds. Underwriters have a 30-day option for up to 1.05 million more shares. Net proceeds will fund general corporate purposes, including acquisitions and working capital. Board and affiliated entities bought about $6 million of shares.

Gloo (Nasdaq: GLOO) said it has signed a definitive agreement to acquire Cedarstone, an integrated finance and development outsourcing firm serving nonprofit organizations. Gloo did not provide deal price in the excerpt. The company said the transaction is expected to close after customary conditions and regulatory approvals.

Gloo (Nasdaq: GLOO) said it has a definitive agreement to acquire financial and business outsourcing firm Cedarstone. The deal would add outsourced accounting, donor operations, and fractional CFO services to Gloo’s AI platform for nonprofits. Gloo expects the acquisition to close in its third quarter, with Cedarstone continuing under its own brand and leadership.

Gloo Holdings (NASDAQ:GLOO) priced a 7M-share secondary offering at $3.25 on July 9, below the prior close of $3.98, with JPMorgan as sole book-running manager. The company reported Q1 EPS of (21c) vs (18c) estimates and revenue of $41.5M vs $36.0M consensus. Benchmark raised its price target to $15 from $14 and kept a Buy rating.

Gloo Holdings, a faith-based tech company, began a stock sale to raise over $20 million, according to an SEC filing and company statements. The filing says Gloo lost over $240 million in fiscal 2024-2025 and had a $438 million deficit since 2013, with going-concern doubt. Gloo reported $41.5 million Q1 revenue 2026 and expects profit by end-2026.