Life Time Group Holdings Inc. (LTH) has announced the pricing of its underwritten public offering of 12 million shares of its common stock, set at $21.75 per share. These shares are held by the company and certain existing stockholders.
The underwriters have a 30-day option to purchase up to an additional 1.8 million shares from the selling stockholders.
The offering is anticipated to close on August 14, 2024.
Life Time plans to use the net proceeds from this offering for general corporate purposes, which may include the repayment of debt.
It is important to note that the company itself will not receive any proceeds from the shares sold by the selling stockholders.
