RTTNews | Nov 18, 2021 10:08AM EST

10:08 Thursday, November 18, 2021 (RTTNews.com) - Shares of health software solutions provider Definitive Healthcare Corp. (DH) are trading down 7 percent on Thursday after the company priced an underwritten public offering of 11 million shares of its Class A common stock at $36.00 per share.

The company will use the net proceeds from the proposed offering for purchasing 7 million newly issued limited liability interests from its subsidiary AIDH TopCo, LLC, and repurchasing an aggregate of 2,233,238 shares of Class A common stock and purchasing of 1,766,762 limited liability interests in AIDH TopCo from current holders.

Currently at $34.90, the stock has traded between $33.71 and $50.30 during the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3243553/definitive-healthcare-slips-7-after-pricing-of-public-offering.aspx)

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