ORANGE, Calif., Sept. 16, 2022 (GLOBE NEWSWIRE) — Alignment Healthcare, Inc. (NASDAQ: ALHC) (“Alignment Healthcare” or the “Company”), a tech-enabled Medicare Advantage firm, at the moment introduced the pricing of its beforehand introduced underwritten public providing of 9,000,000 shares of its widespread inventory by sure promoting stockholders. The underwriter offered the shares at a public providing worth of $14.75 per share. The Company is not going to obtain any of the proceeds from the sale of the shares of its widespread inventory being provided by the promoting stockholders. The providing is predicted to shut on September 20, 2022, topic to customary closing circumstances.
J.P. Morgan is performing because the underwriter for the providing.
A shelf registration assertion on Form S-3 (together with a prospectus) referring to the securities being offered within the providing was deemed routinely efficient upon submitting with the Securities and Exchange Commission. A duplicate of the ultimate prospectus, when out there, could also be obtained without spending a dime by visiting EDGAR on the SEC web site at www.sec.gov, or by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone: 1-866-803-9204, or by electronic mail at [email protected].
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase these securities, nor shall there be any sale of these securities in any state or jurisdiction during which such provide, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
About Alignment Healthcare
Alignment Healthcare is a consumer-centric platform delivering custom-made well being care within the United States to seniors and people who want it most, the chronically unwell and frail, by its Medicare Advantage plans. The firm supplies companions and sufferers with custom-made care and repair the place they want it and after they want it, together with medical coordination, danger administration and expertise enablement. Alignment Healthcare affords well being plan choices by Alignment Health Plan and in addition companions with choose well being plans to assist ship higher advantages at decrease prices.
Forward-Looking Statements
This launch accommodates forward-looking statements throughout the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements embrace, amongst others, statements regarding the anticipated closing of the providing. Forward-looking statements are topic to dangers and uncertainties and are primarily based on assumptions that will show to be inaccurate, which might trigger precise outcomes to vary materially from these anticipated or implied by the forward-looking statements. Actual outcomes could differ materially from the outcomes predicted, and reported outcomes shouldn’t be thought of as a sign of future efficiency. Important dangers and uncertainties that might trigger our precise outcomes and monetary situation to vary materially from these indicated within the forward-looking statements embrace, amongst others, the next: our means to draw new members and enter new markets, together with the necessity for sure governmental approvals; our means to keep up a excessive ranking for our plans on the Five Star Quality Rating System; dangers related to being a authorities contractor; adjustments in legal guidelines and rules relevant to our business mannequin; adjustments in market or business circumstances and receptivity to our expertise and companies; outcomes of litigation or a safety incident; the impression of shortages of certified personnel and associated will increase in our labor prices; and the impression of COVID-19 on our business and outcomes of operation. There might be no assurance that Alignment Healthcare will be capable of full the providing on the anticipated phrases, or in any respect. For an in depth dialogue of the chance elements that might have an effect on our precise outcomes, please seek advice from the chance elements recognized in our Annual Report on Form 10-Okay for the 12 months ended December 31, 2021, and the opposite periodic experiences we file with the SEC. All info offered on this launch is as of the date hereof, and we undertake no obligation to replace or revise this info except required by legislation.
Investor Contact
Harrison Zhuo
[email protected]
Media Contact
Maggie Habib
mPR, Inc. for Alignment Healthcare
[email protected]
