Update: LifeStance Health Group Prices Secondary Stock Offering; Shares Plunge-March 2024-www.financetom.com

Update: LifeStance Health Group Prices Secondary Stock Offering; Shares Plunge

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Update: LifeStance Health Group Prices Secondary Stock Offering; Shares Plunge

May 22, 2024 8:53 AM

11:24 AM EDT, 05/22/2024 (MT Newswires) -- (Updates with the stock move in the headline and the second paragraph.)

LifeStance Health Group ( LFST ) said late Tuesday a secondary underwritten public offering of 20 million of its common shares was priced at $6.25 per share.

Shares of the company slumped 19% in recent trading Wednesday.

The underwriters have been granted a 30-day option to purchase up to 3 million additional shares from certain selling shareholders.

The company will not receive any proceeds from the secondary stock offering, which is expected to close on or about Friday, subject to customary conditions.

Price: 6.06, Change: -1.43, Percent Change: -19.05

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