Healthequity announces commencement of proposed offering of common stock

Draper, utah, feb. 16, 2021 (globe newswire) -- healthequity, inc. (nasdaq: hqy) (“healthequity” or the “company”), today announced that bofa securities has agreed to purchase $400 million of shares of the company's common stock. the underwriter may offer the shares of common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the nasdaq, or in the over-the-counter market, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. 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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