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SUMO LOGIC, INC.

(SUMO)
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SUMO LOGIC : Unregistered Sale of Equity Securities (form 8-K/A)

06/16/2021 | 04:10pm EDT

Item 3.02. Unregistered Sales of Equity Securities.

As previously reported, on May 27, 2021, Sumo Logic entered into an agreement and plan of reorganization with Sensu and certain other parties (the "Merger Agreement") to acquire Sensu on the terms and subject to the conditions set forth in the Merger Agreement (the "Sensu Acquisition"). Pursuant to the Merger Agreement, Sumo Logic agreed to issue shares of its common stock, $0.0001 par value per share ("Common Stock"), to certain stockholders of Sensu at the closing of the Sensu Acquisition. As previously disclosed in the Original 8-K, the number of shares to be issued in connection with the Sensu Acquisition was not known at the time of the filing of the Original 8-K because the number of shares was determined at closing pursuant to the terms of the Merger Agreement.

On June 10, 2021, the closing of the Sensu Acquisition occurred and Sumo Logic issued an aggregate of 1,195,341 unregistered shares of its Common Stock to former stockholders of Sensu in accordance with the terms of the Merger Agreement (the "Sensu Share Consideration").

The offering and issuance of the Sensu Share Consideration was and is in reliance on the private offering exemption of Section 4(a)(2) of the Securities Act of 1933, as amended. The offering and issuance of the Sensu Share Consideration was not and is not being conducted in connection with a public offering, and no public solicitation or advertisement has been or will be made or relied upon in connection with the offering and issuance of the Sensu Share Consideration.

© Edgar Online, source Glimpses

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Financials (USD)
Sales 2022 235 M - -
Net income 2022 -119 M - -
Net cash 2022 194 M - -
P/E ratio 2022 -18,1x
Yield 2022 -
Capitalization 2 254 M 2 254 M -
EV / Sales 2022 8,76x
EV / Sales 2023 7,44x
Nbr of Employees 759
Free-Float 97,1%
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Technical analysis trends SUMO LOGIC, INC.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 10
Last Close Price 21,10 $
Average target price 25,22 $
Spread / Average Target 19,5%
EPS Revisions
Managers and Directors
Ramin Sayar President, Chief Executive Officer & Director
Sydney L. Carey Chief Financial Officer
Christian Beedgen Director & Chief Technical Officer
Ben Kwon Vice President-Sales Strategy & Operations
Joseph Ansanelli Independent Director
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