SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 23, 2019--
eHealth, Inc. (NASDAQ:EHTH), which owns eHealth.com, a leading private
online health insurance exchange, today announced the pricing of its
follow-on public offering of 2,400,000 shares of its common stock at a
price to the public of $48.50 per share. In addition, the Company has
granted the underwriters a 30-day option to purchase up to 360,000
additional shares of its 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 of these securities
is being made only by means of a written prospectus and prospectus
supplement that form a part of the registration statement. A prospectus
supplement 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 prospectus supplement, 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/20190123005908/en/
Source: eHealth, Inc.
Kate Sidorovich, CFA
Vice President Investor Relations
2625
Augustine Drive, Second Floor
Santa Clara, CA 95054
(650)
210-3111
kate.sidorovich@ehealth.com
http://ir.ehealthinsurance.com