Glu Mobile (GLUU) Reiterates Plans to Not Raise Capital Through Offering; Files to Transfer Warrant

Glu Mobile Inc. (Nasdaq: GLUU), reiterated that it has no current intention to raise additional capital in 2012 through an offering of any kind. The prospectus supplement that the company filed today with the Securities and Exchange Commission related solely to the sale of a warrant to purchase 50,000 shares of Glu’s common stock that was issued in Glu’s August 2010 private placement transaction by the original warrant holder. Glu fulfilled its contractual obligation under the private placement agreements to file a prospectus supplement to name the new holder of the transferred warrant. The filing of the prospectus supplement is wholly unrelated to Glu’s acquisition of the Deer Hunter brand assets that it announced earlier today and is not an indication that Glu intends to raise any additional capital.

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