BBLN - BBLN STOCK NEWS

Babylon Holdings Limited (NYSE: BBLN) has successfully completed its Exchange Offer and Consent Solicitation for public and private placement warrants. The company issued 3,949,471 Class A ordinary shares in exchange for the tendered warrants. All remaining untendered warrants will be exchanged for Class A shares at a ratio of 0.2655 shares per warrant, with a fixed exchange date of July 8, 2022. Following these transactions, all warrants will be delisted from the NYSE, while Class A shares continue to trade under the symbol BBLN.

Babylon Holdings Limited (NYSE: BBLN) announced the results of its Exchange Offer and Consent Solicitation, which expired on June 17, 2022. Approximately 85.8% of the public warrants and all private placement warrants were tendered. The company plans to accept all validly tendered warrants for exchange by June 23, 2022. The warrant amendment received approval from a majority of warrant holders, allowing the company to exchange remaining untendered warrants for shares. Additionally, the SEC declared effective the Registration Statement for shares issuable in connection with the Exchange Offer.

Babylon (NYSE:BBLN) will be added to the Russell 3000® Index effective June 27, 2022, following the annual reconstitution. This inclusion reflects the company's strong market capitalization and positions it among the top 4,000 US stocks, reinforcing its growth trajectory within a year of its NYSE listing. CEO Ali Parsa emphasized that this milestone will enhance Babylon's visibility to institutional investors, aligning with their mission to provide accessible healthcare globally.

Babylon (NYSE:BBLN) will host its second 'Ask The CEO' episode featuring Dr. Ali Parsa on June 23 at 1:00 pm EST. The series aims to connect the CEO with the investor community, allowing audience questions. Babylon is recognized as a rapidly growing digital healthcare company focused on providing accessible and affordable healthcare globally. The company supports over 440,000 lives and achieved approximately 5.2 million consultations in 2021, boasting a 93% user retention rate.

Babylon (NYSE: BBLN) has joined the Physicians Plus ACO, LLC Direct Contracting Entity, enhancing its care for over 30,000 Medicare beneficiaries. Effective January 1, 2022, this initiative adds 19,000 California Medicare beneficiaries to its services, promoting value-based care. By collaborating with Meritage Medical Network, Babylon shifts Medicare care from fee-for-service to a more proactive, preventative model. CEO Ali Parsa highlights this as a significant step in making quality healthcare more accessible, as the company focuses on digital-first healthcare solutions.

Babylon Holdings Limited (NYSE: BBLN) has initiated an exchange offer and consent solicitation for its public and private placement warrants related to Class A ordinary shares. The Offer aims to simplify Babylon's capital structure and mitigate future dilution risks. In exchange for each warrant tendered, holders may receive 0.295 Class A ordinary shares, totaling up to 4,294,703 shares. Concurrently, Babylon seeks consent to amend the warrant agreement, allowing a reduction in the conversion ratio. The offering period ends on June 17, 2022, subject to extension.

Babylon (NYSE:BBLN) will launch a new series called ‘Ask The CEO’ featuring Dr. Ali Parsa, starting May 26 at 1:00 PM EDT. This recurring event will include a segment for audience questions, followed by a discussion with Dr. Parsa and other executives. The events aim to enhance transparency and engagement with stakeholders. Babylon is a rapidly growing digital healthcare company, focused on providing accessible, affordable healthcare globally, operating in 15 countries and supporting over 440,000 lives in 2022.

Babylon (NYSE: BBLN) will host a Capital Markets Day on May 23, 2022 at 1:30 p.m. ET. The event will cover the company's vision, growth strategies, product updates, and financial objectives. Hosted by Founder and CEO Dr. Ali Parsa, along with CFO Charlie Steel and other executives, the event aims to provide insights into Babylon's healthcare approach. Registration is required on the Company’s website, where a live video webcast will also be available.

Babylon focuses on making healthcare accessible and affordable globally through its innovative digital platform.

Babylon Holdings Limited (NYSE:BBLN) reported first-quarter 2022 revenue of $266.4 million, a 274% increase year-over-year, driven by an 805% rise in value-based care revenue. The company raised its 2022 revenue guidance to $1 billion or more, anticipating continued growth from U.S. expansions. Despite a reported loss of $91.4 million, adjusted EBITDA improved significantly. Babylon also expanded its U.S. value-based care membership by 63%, surpassing 270,000 members. The company aims for profitability by 2025, with plans for margin enhancements.