GOCO - GoHealth stock jumps 11% premarket on $50M private investment
- GoHealth ( NASDAQ: GOCO ) stock jumped ~11% premarket on Monday after the firm announced a $50M private investment from Anthem Insurance and GH 22.
- The funding expands GOCO's shareholder base, enhances its balance sheet, enables further investment in new technologies and strategic initiatives, enhances its multi-payer marketplace, and expands its Encompass platform.
- GOCO issued and sold 50K series A convertible perpetual preferred shares at $1K per preferred share to the parties mentioned above.
- The purchasers' affiliates are significant customers of GOCO.
- Holders of preferred stock are entitled to a dividend at the rate of 7% per annum, accruing daily and payable quarterly in arrears.
- Shares of GOCO declined 91% YTD.
For further details see:
GoHealth stock jumps 11% premarket on $50M private investment