Performant Financial Corporation Announces Upsizing and Pricing of Secondary
Public Offering of Common Stock
LIVERMORE, Calif., Jan. 31, 2013 (GLOBE NEWSWIRE) -- Performant Financial
Corporation (Nasdaq:PFMT) today announced the pricing of an upsized secondary
public offering of 8,000,000 shares of common stock on behalf of certain
selling stockholders at a price of $10.65 per share. In addition, the selling
stockholders have granted the underwriters a 30-day option to purchase up to
1,200,000 additional shares of common stock at the public offering price.
The selling stockholders will receive all of the net proceeds from this
offering. No shares are being sold by the Company.
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as lead joint
book-running managers. Credit Suisse Securities (USA) LLC and Wells Fargo
Securities, LLC are acting as joint book-running managers. William Blair &
Company, L.L.C. is acting as a co-manager.
The offering is being made only by means of a prospectus, copies of which may
be obtained from Goldman, Sachs & Co., 200 West Street, New York, New York
10282, Attention: Prospectus Department (Tel: +1 866 471 2526, e-mail:
firstname.lastname@example.org) or Morgan Stanley & Co. LLC, 180 Varick Street,
2nd Floor, New York, New York 10014, Attention: Prospectus Department (Tel: +1
866 718 1649; e-mail: email@example.com).
A registration statement relating to these securities has been filed and
declared effective by the Securities and Exchange Commission. This press
release shall not constitute an offer to sell or a solicitation of an offer to
buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.
CONTACT: Richard Zubek
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