LifeMD, Inc. - LFMD STOCK NEWS

LifeMD, Inc. (NASDAQ: LFMD) will host a conference call on November 10, 2021, at 5:00 p.m. ET to discuss its financial results for the third quarter of fiscal 2021. The call will follow a press release with results issued beforehand. The telehealth company provides virtual medical treatments and prescription medications across the U.S. interested parties can join the call by dialing 1-877-705-6003 in the U.S. and find additional information on the company's website.

LifeMD, Inc. (NASDAQ: LFMD) has successfully closed an underwritten public offering of 1,400,000 shares of its 8.875% Series A Cumulative Perpetual Preferred Stock, with a total liquidation preference of $35 million. After offering costs, the net proceeds are estimated at $32.9 million. The funds will be allocated towards a segregated dividend account, repaying debt (approximately $10 million), and for general corporate purposes, including customer acquisition. The offering included a 30-day underwriter option for an additional 210,000 shares.

LifeMD, Inc. (NASDAQ: LFMD) has successfully closed its underwritten registered public offering of 3,833,334 shares of common stock, raising approximately $21.4 million. The offering included 500,000 shares from the underwriter’s option to purchase additional shares. The proceeds will be utilized for repaying existing indebtedness and for working capital, including patient customer acquisition and capital expenditures. B. Riley Securities acted as the sole book-running manager for this offering, which was made under an effective shelf registration statement.

LifeMD, Inc. (NASDAQ: LFMD) announced the pricing of its underwritten public offering of 1,400,000 shares of 8.875% Series A Cumulative Perpetual Preferred Stock, totaling $35 million in liquidation preference. The offering, with a 30-day option for underwriters to purchase an additional 210,000 shares, is set to close on October 4, 2021. Proceeds will fund a segregated dividend account, repay certain debts, and cover working capital, including new patient acquisition expenses. The offering is made under an effective shelf registration statement with the SEC.

LifeMD, Inc. (NASDAQ: LFMD) has priced an underwritten public offering of 3,333,334 shares of common stock at $6.00 per share, aiming for gross proceeds of about $20 million. The offering includes a 30-day option for underwriters to purchase an additional 500,000 shares. The funds will be utilized to reduce debt and support working capital, including expenses for acquiring new patients and capital expenditures. The offering is expected to close on October 4, 2021, following customary conditions.

LifeMD, Inc. (NASDAQ: LFMD) has initiated an underwritten public offering of its common stock, with expectations to grant underwriters a 30-day option for additional shares. The company plans to use the net proceeds to reduce its debt and fund working capital, particularly for customer acquisition and capital expenditures. B. Riley Securities, Inc. is the lead manager for this offering, which is being conducted under an effective shelf registration statement. The press release emphasizes that this offering does not constitute an offer to sell securities in jurisdictions where it would be unlawful.

LifeMD, Inc. (NASDAQ: LFMD) has announced a public offering of 1,400,000 shares of Series A Cumulative Perpetual Preferred Stock, totaling a liquidation preference of $35 million. The offering includes a 30-day option for underwriters to purchase an additional 210,000 shares. Proceeds will be allocated to fund a segregated dividend account, repay a portion of debt, and for working capital including customer acquisition and capital expenditures. Book-running managers include B. Riley Securities and others, with the offering made under an effective shelf registration statement.

LifeMD, Inc. (NASDAQ: LFMD) has announced its participation in the Cantor Fitzgerald Virtual Global Healthcare Conference on September 30, 2021, at 12:40 PM ET. The telehealth company offers cash pay virtual medical treatments, prescription medications, and over-the-counter products to patients nationwide. Management will be available for virtual one-on-one meetings, with details accessible via a corporate contact link. LifeMD continues to expand its telemedicine platform to provide accessible healthcare solutions to patients across all 50 states.

LifeMD appoints Naveen Bhatia to its board of directors, enhancing its leadership as the company evolves in the telehealth sector. Bhatia, a seasoned investor with experience at Blackstone and various boards, brings significant financial and management expertise. His addition is expected to provide valuable insights and executional skills to LifeMD's growth strategy. The company aims to transform healthcare access for Americans through its telehealth platform, which focuses on delivering affordable, cash-pay virtual medical care nationwide.