Grace & Mercy Foundation discloses 19.1% GLOO (GLOO) Class A ownership position
Rhea-AI Filing Summary
Grace & Mercy Foundation, Inc. filed an amended ownership report showing a significant position in GLOO HOLDINGS, INC. Class A Common Stock. As of May 27, 2026, the foundation beneficially owned 2,500,000 Class A shares, representing about 19.1% of the Class A stock.
The filing states the foundation holds sole voting and dispositive power over these shares. On the same date, GLOO had 13,108,949 Class A shares and 69,298,373 Class B shares outstanding. Each Class A share has one vote, while each Class B share has ten votes and can be converted into one Class A share.
The amendment also notes that neither the foundation nor its covered persons traded GLOO Class A shares in the 60 days before the event date or the filing date.
Positive
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Insights
Grace & Mercy discloses a sizable but stable GLOO stake.
The amendment shows Grace & Mercy Foundation holding 2,500,000 Class A shares, or about 19.1% of that class, with sole voting and dispositive power. This clarifies the scale and control characteristics of a major shareholder.
The filing also details GLOO’s dual-class structure: 13,108,949 Class A shares with one vote each and 69,298,373 Class B shares with ten votes each, convertible into Class A. This means economic ownership and voting power may differ across classes.
The statement that no Class A transactions occurred in the 60 days before the May 27, 2026 event date suggests this is an updated disclosure rather than a recent trade-driven change, so the information mainly refines transparency around an existing large holding.