Healthequity announces closing of sale of additional shares

Draper, utah, march 02, 2021 (globe newswire) -- healthequity, inc. (nasdaq: hqy) (“healthequity” or the “company”), today announced the closing of the underwritten public offering of an additional 750,000 shares of its common stock pursuant to the exercise in full by the underwriter of its over-allotment option. the gross proceeds to healthequity from the sale of these shares are $60,225,000.  healthequity intends to use the net proceeds from the offering (including the $401.5 million in gross proceeds from the sale of shares in february) for potential acquisitions, repayment of indebtedness and other general corporate purposes.
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