PRVA - Privia Health's selling stockholders commence 5M share offering

• Privia Health ( NASDAQ: PRVA ) on Tuesday announced a secondary offering of 5M shares of common stock of the company by certain selling stockholders.
• Selling stockholders intend to grant underwriters of the secondary offering a 30-day option to purchase up to an additional 750,000 shares of the company’s common stock.
• The company will not receive any of the proceeds from the sale of the shares of its common stock being offered by the selling stockholders.
• Selling stockholders will bear the costs associated with the sale of shares, including underwriting discounts and commissions.
• Goldman Sachs & Co LLC is the lead book-running manager and representative of the underwriters for the proposed offering.
• Credit Suisse, Jefferies and William Blair are acting as active book-running managers.
• Canaccord Genuity and SVB Securities are acting as book-running managers. NCMG is acting as co-manager.
• Shares -6.7% after the bell.

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