eHealth (EHTH) Announces Commencement of 1.5M Share Public Offering of Common Stock

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eHealth, Inc. Announces Commencement of Public Offering of Common Stock

March 2, 2020 4:06 PM EST

SANTA CLARA, Calif., March 2, 2020 /PRNewswire/ -- eHealth, Inc. (NASDAQ: EHTH), which owns eHealth.com, a leading private online health insurance exchange, today announced that it intends to offer and sell, subject to market and other conditions, 1,500,000 shares of its common stock in an underwritten public offering pursuant to eHealth's existing shelf registration statement. In connection with this offering, eHealth expects to grant the underwriters a 30-day option to purchase up to 225,000 additional shares of its common stock. eHealth intends to use the... More