eHealth, Inc. Announces Commencement of Public Offering of Common Stock
January 22 2019 - 4:30PM
Business Wire
eHealth, Inc. (NASDAQ:EHTH) which owns eHealth.com, a leading
private online health insurance exchange, today announced that it
intends to offer and sell, subject to market and other conditions,
2,000,000 shares of its common stock in an underwritten public
offering pursuant to eHealth’s existing shelf registration
statement. In connection with this offering, eHealth expects to
grant the underwriters a 30-day option to purchase up to 300,000
additional shares of common stock. eHealth intends to use the net
proceeds of the offering for general corporate purposes, including
working capital.
RBC Capital Markets, Credit Suisse and Evercore ISI are acting
as joint book-running managers for the offering. Craig-Hallum
Capital Group is acting as co-manager for the offering.
An effective registration statement relating to the common stock
was filed with the Securities and Exchange Commission (SEC) on
December 17, 2018 and amended on January 22, 2019. The offering
will be made only by means of a written prospectus and prospectus
supplement that form a part of the registration statement. A
preliminary prospectus supplement and accompanying prospectus
relating to the offering will be filed with the SEC and be
available on the SEC’s website at www.sec.gov. Copies of the
preliminary prospectus supplement and the accompanying prospectus,
when available, may also be obtained from RBC Capital Markets, LLC,
Attention: Equity Capital Markets, 200 Vesey Street, New York, New
York 10281-8098, or by fax at (212) 428-6260; from Credit Suisse
Securities (USA) LLC, Attention: IBCM Legal, Eleven Madison Avenue,
New York, New York 10010, or by fax at (212) 325-4269; or from
Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East
52nd Street, New York, NY 10055 or by telephone at (888)
474-0200 or by email at ecm.prospectus@evercore.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities being offered, nor
shall there be any sale of the securities being offered in any
state or other jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification
under the securities laws of any such state or other
jurisdiction.
Statements contained in this press release that are not
historical facts are “forward-looking” statements within the
meaning of the federal securities laws. Forward-looking statements,
including statements regarding the completion, timing and size of
the proposed public offering and any of the terms thereof, are
uncertain and subject to a variety of risks that could cause actual
results to differ materially from those expected by eHealth. You
should consider the risk factors identified in the registration
statement and in eHealth’s filings with the U.S. Securities and
Exchange Commission. eHealth undertakes no obligation to revise or
update any forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20190122005916/en/
Kate Sidorovich, CFAVice President Investor Relations(650)
210-3111kate.sidorovich@ehealth.comhttp://ir.ehealthinsurance.com
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