Why Is LifeStance Health (LFST) Stock Down 20% Today?
LFSTLifeStance Health (LFST) investorplace.com·2024-05-22 20:34

LifeStance Health (NASDAQ:LFST) stock is down on Wednesday after the mental health services company announced the pricing of a secondary offering for its shares. LifeStance Health says that a group of stockholders are selling shares of LFST stock in this public offering. This has them pricing the company’s shares at $6.25 each. They will sell a total of 20 million shares in the offering. In addition to this, the underwriters of the offering have a 30-day option to acquire another 3 million shares at this of ...