Definitive Healthcare Slips 7% After Pricing Of Public Offering

Shares of health software solutions provider Definitive Healthcare Corp. (DH) are trading down 7 percent on Thursday after the company priced an underwritten public offering of 11 million shares of its Class A common stock at $36.00 per share.

The company will use the net proceeds from the proposed offering for purchasing 7 million newly issued limited liability interests from its subsidiary AIDH TopCo, LLC, and repurchasing an aggregate of 2,233,238 shares of Class A common stock and purchasing of 1,766,762 limited liability interests in AIDH TopCo from current holders.

Currently at $34.90, the stock has traded between $33.71 and $50.30 during the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Biotech Investor.
Follow RTT