SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 22, 2019--
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190122005916/en/
Source: eHealth, Inc.
Kate Sidorovich, CFA
Vice President Investor Relations
(650)
210-3111
kate.sidorovich@ehealth.com
http://ir.ehealthinsurance.com
