LifeStance Health stock dips 11%, prices secondary offering at $6.25 per share

• Provider of virtual and in-person outpatient mental health care - LifeStance Health Group (NASDAQ:LFST) priced a secondary offering of 20M shares at $6.25 per share.

• Underwriters have a 30-day option to purchase up to an additional 3M shares.

• The selling stockholders will receive all proceeds, and the company will not receive any proceeds as it is not selling any shares.

• The offering is expected to settle and close on or about May 24, 2024.

• The stock price stumbled ~11% to $6.69 on Wednesday during pre-market trade.

More on LifeStance Health Group

• LifeStance Q4 Earnings Review: Monetizing Mental Health Virtually Is Problematic
• LifeStance stockholders selling 20M shares in secondary offering
• LifeStance Health Group reports Q4 results