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Update: LifeStance Launches Secondary Offering, Concurrent Share Repurchase

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(Updates with more information in the first two paragraphs and stock move in the last paragraph.)

LifeStance Health Group (LFST) said Wednesday that certain stockholders plan to offer roughly 22.3 million common shares for $12.35 apiece under a shelf registration.

The company said it will not receive any proceeds from the offering, which is expected to close around Friday.

Additionally, LifeStance said it has authorized the concurrent purchase of 2 million shares from the underwriter at the same price paid to selling stockholders, subject to completion of the offering.

Shares of the company were down 2.5% in Wednesday trading.

Price: $12.49, Change: $-0.32, Percent Change: -2.46%

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