Clover Announces Closing of Public Offering of Class A Common Stock
November 23 2021 - 1:47PM
Clover Health Investments, Corp. (Nasdaq: CLOV), (“Clover Health”),
a technology company committed to improving health equity for
seniors, today announced the closing on November 22, 2021, of its
previously announced underwritten public offering of shares of its
Class A Common Stock, resulting in approximately $300 million of
gross proceeds.
In connection with the offering, Clover also granted the
underwriters a 30-day option to purchase up to 7,826,086 additional
shares of its Class A Common Stock at the public offering price,
less the underwriting discounts and commissions.
Citigroup and Deutsche Bank Securities acted as joint
book-running managers for the offering. SVB Leerink and Canaccord
Genuity LLC acted as book-runners for the offering.
The offering was made only by means of a prospectus. Copies of
the final prospectus relating to the offering may be obtained by
contacting: Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone:
1-800-831-9146 or email: prospectus@citi.com; or Deutsche Bank
Securities Inc., Attn: Prospectus Department, 1 Columbus Circle,
New York, New York 10019, telephone: 800-503-4611 or email:
prospectus.cpdg@db.com.
No Offer or Solicitation
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. Registration statements relating to these
securities have been filed with the SEC and were declared effective
by the SEC.
Contact Information
Investor Relations:
Derrick Nueman
investors@cloverhealth.com
Press Contact:
Andrew Still-Baxter
press@cloverhealth.com
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