Phreesia Announces Proposed Public Offering of Common Stock
October 19 2020 - 3:15PM
Business Wire
Phreesia, Inc. (“Phreesia”) (NYSE: PHR), a leading patient
intake management platform, announced today that it has commenced
an underwritten public offering of 5,000,000 shares of its common
stock (the “Offering”), to be offered by the Company. In addition,
the Company expects to grant to the underwriters an option for 30
days to purchase up to 750,000 additional shares of common stock at
the public offering price, less underwriting discounts. The
Offering is subject to market and other conditions, and there can
be no assurances as to whether or when the Offering may be
completed, or as to the actual size and terms of the offering.
J.P. Morgan and William Blair are acting as joint book-running
managers for the Offering and as representatives of the
underwriters. Allen & Company LLC and Piper Sandler are acting
as passive book-running managers, and Baird and Raymond James are
acting as co-managers for the Offering.
The Offering will be made only by means of a prospectus
supplement and an accompanying prospectus. When available, copies
of the preliminary prospectus supplement and accompanying
prospectus relating to the Offering may be obtained from: J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204;
or from William Blair & Company, L.L.C., Attention: Prospectus
Department, 150 North Riverside Plaza, Chicago, IL 60606,
telephone: 1-800-621-0687.
An automatic shelf registration statement on Form S-3ASR
relating to these securities has been filed with the Securities and
Exchange Commission (the “SEC”) and has become effective. This
press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
ABOUT PHREESIA
Phreesia gives healthcare organizations a suite of robust
applications to manage the patient intake process. Our innovative
SaaS platform engages patients in their care and provides a modern,
consistent experience, while enabling healthcare organizations to
enhance clinical care and drive efficiency.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward looking statements,
including among other things, statements concerning the completion
of the Offering, and other statements identified by words such as
“could,” “expects,” “intends,” “may,” “plans,” “potential,”
“should,” “will,” “would,” or similar expressions and the negatives
of those terms. Forward-looking statements are not promises or
guarantees of future performance, and are subject to a variety of
risks and uncertainties, many of which are beyond our control.
Actual results could differ materially from those anticipated in
such forward-looking statements as a result of various risks and
uncertainties, which include, without limitation, market risks and
uncertainties and the satisfaction of customary closing conditions
relating to the proposed Offering. These and other risks and
uncertainties are described more fully in the "Risk Factors"
section of Phreesia’s Annual Report on Form 10-K for the year ended
January 31, 2020, which is on file with the SEC, as updated by any
subsequently filed SEC filings, including Phreesia’s Quarterly
Reports on Form 10-Q, and in the “Risk Factors” section of the
preliminary prospectus supplement related to the Offering filed
with the SEC. Forward-looking statements speak only as of the date
hereof, and, except as required by law, Phreesia undertakes no
obligation to update or revise these forward-looking
statements.
Phreesia qualifies all of its forward-looking statements by
these cautionary statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20201019005836/en/
Investors: Balaji Gandhi Phreesia, Inc.
investors@phreesia.com (929) 506-4950
Media: Maureen McKinney Phreesia, Inc.
mmckinney@phreesia.com (773) 330-8908
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