Business
Life Time Announces Pricing of Secondary Offering of 20,000,000 Shares of Common Stock
Life Time Group Holdings, Inc. (NYSE: LTH) ("Life Time" or the "Company") announced today the pricing of the previously announced underwritten secondary offering of 20,000,000 shares of the Company's common stock by certain selling stockholders, resulting in total gross proceeds of $590,000,000, before deducting underwriting discounts and commissions.
About this update from Life Time Group Holdings, Inc.
[{"type":"image","alt":"Life Time logo with icon (PRNewsfoto/Life Time Group Holdings, Inc.)","displaySize":"","headline":null,"caption":"Life Time logo with icon (PRNewsfoto/Life Time Group Holdings, Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":75,"url":"https://media.zenfs.com/en/prnewswire.com/9afe109e9a008077edd44d9a7a9e444f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/35f5KXwl0pBMtxiTtUU8Mw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/9afe109e9a008077edd44d9a7a9e444f","width":400,"height":75}},"href":"https://mma.prnewswire.com/media/2331325/Life_Time_Icon_Logo.html","hrefExternal":true,"rel":"nofollow","lazy":false},{"type":"text","content":"CHANHASSEN, Minn., June 5, 2025 /PRNewswire/ -- Life Time Group Holdings, Inc. (NYSE: LTH) ("Life Time" or the "Company") announced today the pricing of the previously announced underwritten secondary offering of 20,000,000 shares of the Company's common stock by certain selling stockholders, resulting in total gross proceeds of $590,000,000, before deducting underwriting discounts and commissions.","length":425,"tagName":"p"},{"type":"text","content":"The offering is expected to close on June 6, 2025, subject to the satisfaction of customary closing conditions. The selling stockholders will receive all of the proceeds from the proposed offering. The Company will not receive any of the proceeds from the sale of shares of the Company's common stock by the selling stockholders.","length":338,"tagName":"p"},{"type":"text","content":"J.P. Morgan and BofA Securities are serving as the underwriters for the proposed offering. The underwriters propose to offer the shares to the public from time to time at a fixed price.","length":185,"tagName":"p"},{"type":"text","content":"Important Information","length":21,"tagName":"p"},{"type":"text","content":"An automatic shelf registration statement on Form S-3, including a base prospectus, was filed with the SEC on August 12, 2024 and became effective upon filing. The offering is being made only by means of a written prospectus supplement and the accompanying prospectus. Before you invest, you should read the prospectus included in that registration statement and the documents incorporated by reference that form part of the registration statemen...