Tag Archives: ITOA

Splunk Files to Offer 6M Additional Shares

Splunk Inc. (NASDAQ: SPLK), which produces software for searching, monitoring, and analyzing machine-generated big data, announced that it is commencing an underwritten registered public offering of 6,000,000 shares of its common stock.

Splunk also intends to grant the underwriters an option to purchase up to an additional 900,000 shares of its common stock to cover over-allotments.

Splunk expects to use the net proceeds  from the offering for working capital and other general corporate purposes. In addition, Splunk may use a portion of the proceeds for potential acquisitions of businesses, technologies, or other assets, although Splunk has no agreements or commitments relating to any specific acquisitions at this time