other material
confidence high
sentiment neutral
materiality 0.50
Evolent Health waives lock-up restrictions to allow Magellan Health to sell its EVH shares to institutional fund manager
Evolent Health, Inc.
- Magellan Health agreed to sell its EVH Class A common stock to funds managed by an institutional fund manager with existing EVH investments.
- Evolent Health waived all restrictions in the Lock Up Agreement dated Jan 20, 2023 to permit the sale.
- The Lock Up Agreement will terminate upon closing of the sale.
- No financial terms of the sale were disclosed.