other material
confidence high
sentiment neutral
materiality 0.60
LifeStance announces secondary offering of 20M shares by selling stockholders; no proceeds to company
LifeStance Health Group, Inc.
- Underwriting agreement signed May 21 for 20M shares (plus 3M option) sold by selling stockholders.
- Company receives no proceeds; all shares offered by existing stockholders, including option shares.
- Underwriters led by Morgan Stanley and Goldman Sachs; closing expected May 24, 2024.
- Offering made under automatically effective Form S-3 registration statement filed same day.