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News

P3 Health Partners Prices ~$42.2M Private Placement Of 67.4M Units At A Price OF $0.6270 Per Unit With Certain Institutional Investors

Author: Benzinga Newsdesk | May 23, 2024 08:08am

P3 Health Partners Inc. (NASDAQ:PIII), a patient- centered and physician-led population health management company (the "Company"), today announced that it has entered into definitive agreements to sell securities in a private placement with certain institutional investors. The lead institutional investors in the private placement are affiliates of Chicago Pacific Founders ("CPF"). The transaction is expected to result in gross proceeds of approximately $42.2 million, including approximately $20.0 million of gross proceeds from purchases by affiliates of CPF, before deducting placement agent fees and offering expenses.

The Company plans to use the net proceeds from the financing for working capital and other general corporate purposes.

Posted In: PIII