Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, April 18, 3:26 PM
This Slide: #49 of 620 |
Slide #49. 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-patient marketing and telehealth company with various health and wellness brands. Co.'s virtual primary care offering under the LifeMD brand, LifeMD Southern Patient Medical Care, P.C., provides patients with access to a provider for their primary care, urgent care, and chronic care needs. Co. also utilizes its telehealth platform's provider network, cloud pharmacy, and electronic medical record capabilities across its direct-to-patient telehealth brands. Co.'s telehealth brands RexMD, ShapiroMD, NavaMD, and its subsidiary, Cleared Technologies, PBC, engage in their respective treatment verticals of men's health, hair loss, dermatology, and immunology.
Preferred: LFMDP
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