Business
HealthEquity Announces Closing of Sale of Additional Shares
DRAPER, Utah, March 02, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), today announced the closing of the
About this update from Healthequity, Inc.
[{"type":"text","content":"DRAPER, Utah, March 02, 2021 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), today announced the closing of the underwritten public offering of an additional 750,000 shares of its common stock pursuant to the exercise in full by the underwriter of its over-allotment option. The gross proceeds to HealthEquity from the sale of these shares are $60,225,000. HealthEquity intends to use the net proceeds from the offering (including the $401.5 million in gross proceeds from the sale of shares in February) for potential acquisitions, repayment of indebtedness and other general corporate purposes. BofA Securities is acting as sole book-running manager for the offering. The offering is being made only by means of the applicable prospectus supplement and accompanying prospectus. You may obtain copies of these documents without charge from the Securities and Exchange Commission (the “SEC”). Alternatively, you may request these documents from BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or by emailing dg.prospectus—[email protected]. The shares of HealthEquity’s common stock are being offered pursuant to an effective shelf registration statement filed with the SEC on September 7, 2018. This press release does not constitute an offer to sell or the solicitation of an offer to buy any shares of HealthEquity’s common stock, nor will there be any sale of shares of HealthEquity’s common stock in any jurisdiction in which such offer, solicitation or sale is not authorized or to any person to whom it is unlawful to make such offer, solicitation or sale. Any offer, solicitation or sale of shares of HealthEquity’s common stock will be made only by means of the applicable prospectus supplement and the accompanying prospectus. About HealthEquity HealthEquity and its subsidiaries administer HSAs and other consumer-directed benefits for our more than 12 million accounts in partnership with employers, benefits advisors, and health and retirement plan providers who share our mission to connect health and wealth and value our culture of remarkable “Purple” service. Forward-looking statements This press release contains “forward-looking statements\" within the meaning of the “safe harbor” provisions of the Private Securities Litigation...