By Dean Seal

Shares of Gloo Holdings fell after the company said it has planned to sell 7 million shares in an underwritten public offering.

The stock was down 9.5% at $4.02. Shares have now fallen 30% year-to-date.

The technology platform for churches and ministries said before the opening bell that it would use proceeds from the sale for general corporate purposes, including acquisitions and investments.

Write to Dean Seal at dean.seal@wsj.com