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LifeStance Health Group Announces Pricing of Secondary Public Offering

  • LifeStance Health Group (Nasdaq: LFST) priced a secondary public offering of 45,000,000 common shares at $13.12 per share.
  • The shares are being sold by certain stockholders ("Selling Stockholders"), who will receive all proceeds from the offering.
  • LifeStance is not selling any shares in this offering & will not receive any proceeds.
  • LifeStance agreed to purchase 2,000,000 shares from the underwriters to be sold by the Selling Stockholders under a Repurchase agreement.
  • The Repurchase is conditioned on the offering's completion but is not a condition for the offering to close.
  • Barclays & J.P. Morgan are acting as underwriters for the transaction.
  • The offering & Repurchase are expected to settle around November 12, 2026.
  • The offering was made pursuant to an automatic shelf registration statement filed with the SEC on May 21, 2024.
  • LifeStance employs over 8,800 clinicians & operates in 35 states across more than 550 centers.
  • The press release includes forward-looking statements regarding the offering terms & business expectations.
Company
LifeStance Health, Inc.
Keywords
Nasdaq:LFST, LifeStance Health, Inc.