Glu Mobile Inc. (NASDAQ: GLUU), a leading developer and publisher of mobile games, today announced that it intends to offer $100 million of its common stock in an underwritten public offering. In addition, Glu expects to grant the underwriters a 30-day option to purchase up to an additional $15 million of its common stock. All of the shares are being offered by Glu. The offering is subject to market and other 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.

Glu intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include potential acquisitions and strategic transactions. However, Glu has not designated any specific uses and has no current agreements with respect to any material acquisition or strategic transaction.

Goldman Sachs & Co. LLC, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the proposed offering. Cowen, Wedbush Securities and Roth Capital Partners are acting as co-managers.

The public offering will be made pursuant to a shelf registration statement, including a prospectus, on Form S-3 that was filed by Glu with the Securities and Exchange Commission (“SEC”) and became automatically effective upon filing on June 2, 2020.