other material
confidence high
sentiment neutral
materiality 0.80
Waystar closes IPO of 45M shares at $21.50, adopts governance agreements
Waystar Holding Corp.
- IPO closed June 10, 2024: 45M shares of common stock at $21.50/share, raising ~$968M.
- Ethan Waxman elected as independent Class III director effective immediately before IPO.
- Adopted 2024 Equity Incentive Plan and Employee Stock Purchase Plan; granted CEO Hawkins 1.25M options and 500K RSUs.
- New employment agreements for Chief Business Officer Ric Sinclair and Chief Transformation Officer Craig Bridge.
- Amended charter authorizes 2.5B common and 100M preferred shares; stockholder and registration rights agreements signed.