LifeStance Health Group Announces Launch of Secondary Public Offering

Core Viewpoint - LifeStance Health Group, Inc. is offering 20,000,000 shares of its common stock, with an additional option for underwriters to purchase 3,000,000 shares, while the company itself will not receive any proceeds from this offering [1][2]. Company Overview - LifeStance, founded in 2017, is one of the largest providers of virtual and in-person outpatient mental health care in the United States, employing approximately 6,800 mental health professionals and operating over 550 centers across 33 states [5]. - The company's mission is to enhance access to affordable and personalized mental healthcare, aiming to help individuals lead healthier and more fulfilling lives [5]. Offering Details - The offering is being conducted under a shelf registration statement filed with the SEC, which became effective upon filing on May 21, 2024 [1][3]. - Morgan Stanley, Goldman Sachs & Co. LLC, and TPG Capital BD, LLC are acting as underwriters for this stock offering [2]. Financial Implications - The Selling Stockholders will receive all proceeds from the offering, while LifeStance will not benefit financially from this transaction [1].