PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, December 2, 6:13 PM
| This Slide: #13 of 573 |
Slide #13. LifeMD, Inc. — Preferred Stock Offering
Company:
LifeMD, Inc. (NASDAQ:LFMD)
Date announced:
9/28/2021
Shares Offered:
1,400,000
Date of Pricing:
9/30/2021
Price Per Share:
$25.00
Preferred Stock Offering Details:
LifeMD, Inc. ("the Company") (NASDAQ: LFMD), a rapidly growing direct-to-patient telehealth company, today announced it has commenced an underwritten registered public offering of 1,400,000 shares of its Series A Cumulative Perpetual Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), total liquidation preference of $35,000,000. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase an additional 210,000 shares of Series A Preferred Stock at the public offering price, less underwriting discounts and commissions. -updated 9/30- LifeMD, Inc. ("the Company") (NASDAQ: LFMD), a rapidly growing direct-to-patient telehealth company today announced the pricing of its previously announced underwritten registered public offering of 1,400,000 shares of its 8.875% Series A Cumulative Perpetual Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), with a total liquidation preference of $35,000,000. In connection with this offering, the Company has granted the underwriters a 30-day option to purchase an additional 210,000 shares of Series A Preferred Stock at the public offering price, less underwriting discounts and commissions. The offering is expected to close on October 4, 2021, subject to customary closing conditions.
LifeMD is an online direct-to-consumer marketing and telemedicine company with a portfolio of health and wellness brands. Co.'s brand portfolio is comprised of brands respectively targeting four market segments: hair loss, immune health, men's health, and disaster preparedness. Shapiro MD is a brand for hair loss in both men and women. iNR Wellness MD is a supplement for immune and gut support. RexMD is a men's health brand providing personalized treatment plans from licensed physicians in all states for erectile dysfunction. SOSRx is a telemedicine brand intended to provide prescription medications and over-the-counter emergency preparation supplies for disaster situations.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 85th percentile
(ranked higher than approx. 85% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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