LifeMD, Inc. (LFMD) to Offer Common Stock

LifeMD, Inc. ((NASDAQ: LFMD) announced that it has commenced an underwritten registered public offering of shares of its common stock, par value $0.01 per share. In connection with this offering, the Company expects to grant the underwriters a 30-day option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions.

The Company intends to use the net proceeds from this offering to repay a portion of its indebtedness and the remaining net proceeds for working capital and general corporate purposes including, but not limited to, new patient customer acquisition expenses and capital expenditures.

B. Riley Securities, Inc. is acting as the sole book-running manager for the offering.

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