ORANGE, Calif., Sept. 16, 2022 (GLOBE NEWSWIRE) — Alignment Healthcare, Inc. (NASDAQ: ALHC) (“Alignment Healthcare” or the “Company”), a company with Medicare Advantage technology, today announced the pricing of its previously announced underwritten public offering of 9,000,000 common shares by certain selling shareholders. The underwriter sold the shares at the public offering price of $14.75 per share. The Company will not receive any proceeds from the sale of Common Shares offered by Selling Shareholders. The offering is expected to close on September 20, 2022, subject to customary closing conditions.
JP Morgan is acting as underwriter for the offering.
A shelf registration statement on Form S-3 (including a prospectus) relating to the securities sold under the offering was deemed automatically effective upon filing with the Securities and Exchange Commission. A copy of the final prospectus, when available, may be obtained free of charge by visiting EDGAR on the SEC’s website at www.sec.gov, or by contacting: JP Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by phone: 1-866-803-9204, or by email at [email protected]
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or territory.
About Health Alignment
Alignment Healthcare is a consumer-centric platform that provides personalized healthcare in the United States to seniors and those most in need, the chronically ill and the frail, through its Medicare Advantage plans. The company provides partners and patients with personalized care and services where they need it and when they need it, including clinical coordination, risk management and technology activation. Alignment Healthcare offers health plan options through Alignment Health Plan and also partners with select health plans to help provide better benefits at lower cost.
This release contains forward-looking statements within the meaning 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 include, among other things, statements regarding the expected closing of the Offer. Forward-looking statements are subject to risks and uncertainties and are based on assumptions that may prove to be inaccurate, which could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from anticipated results, and the results reported should not be considered as an indication of future performance. Important risks and uncertainties that could cause our actual results and financial condition to differ materially from those set forth in the forward-looking statements include, among others, the following: our ability to attract new members and enter new markets, including understood the need for certain government approvals; our ability to maintain a high rating for our plans on the Five Star Quality Rating System; the risks associated with being a government contractor; changes in laws and regulations applicable to our business model; changes in market or industry conditions and receptivity to our technology and services; results of litigation or a security incident; the impact of skill shortages and related increases in our labor costs; and the impact of COVID-19 on our business and results of operations. There can be no assurance that Alignment Healthcare will be able to complete the Offer as provided, if at all. For a detailed discussion of risk factors that could affect our actual results, please see the risk factors identified in our Annual Report on Form 10-K for the year ended December 31, 2021 and other periodic reports we file with of the SEC. . All information provided in this release is as of the date hereof, and we undertake no obligation to update or revise such information except as required by law.
mPR, Inc. for Healthcare Alignment