Healthequity announces closing of follow-on offering of common stock

Draper, utah, feb. 19, 2021 (globe newswire) -- healthequity, inc. (nasdaq: hqy) (“healthequity” or the “company”), today announced the closing of the underwritten public offering of 5,000,000 shares of its common stock. the gross proceeds to healthequity from the offering, before underwriting discounts and commissions, were $401,500,000. additionally, healthequity has granted the underwriter a 30-day option to purchase up to an additional 750,000 shares. healthequity intends to use the net proceeds from this offering for potential acquisitions, repayment of indebtedness and other general corporate purposes.
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