HealthStream Completes $40 Million Private Placement of Its Common Stock
HealthStream announced the completion of a private placement in which WJRJJ Ventures, LLC acquired 1.5 million shares of the company's common stock, including 1,355,932 newly issued shares for approximately $40 million in cash at $29.50 per share.
Why it matters — The company raised approximately $40 million through the issuance of new common stock, which expands its cash position and outstanding share count.