LFST - Why Lifestance Health Group (LSFT) Stock Is Falling | Benzinga
LifeStance Health Group Inc (NASDAQ:LFST) shares are trading lower by 19.8% to $6.00 during Wednesday’s session after the company announced pricing of a 20 million share offering by selling stockholders.
The company’s secondary public offering of 20 million shares of its common stock at $6.25 per share. The underwriters have a 30-day option to purchase an additional 3 million shares from certain stockholders.
The selling stockholders will receive all the proceeds, as LifeStance itself is not selling any shares or receiving any proceeds from the offering. The offering is anticipated to close around May ...