LEWISVILLE, Texas--(BUSINESS WIRE)--
Teladoc, Inc. (NYSE:TDOC) (“Teladoc”) today announced the pricing of the
previously announced offering of shares of its common stock, which
includes 6,650,000 shares offered by Teladoc and 1,600,000 shares
offered by certain stockholders of Teladoc named in the preliminary
prospectus supplement (the “selling stockholders”) at a price to the
public of $16.75 per share. The offering is expected to close on or
about January 24, 2017, subject to customary closing conditions. In
addition, the underwriters have a 30-day option to purchase up to an
additional 1,237,500 shares of common stock from Teladoc.
The proceeds of the primary portion of the offering will be used by
Teladoc for working capital and general corporate purposes, including to
expand its current business through acquisitions of, or investments in,
other businesses, products or technologies. Teladoc will not receive any
proceeds from shares of common stock to be sold by the selling
stockholders.
J.P. Morgan and Piper Jaffray & Co. are acting as joint book-running
managers for the offering and as representatives of the underwriters.
Wells Fargo Securities and William Blair are also acting as joint
book-running managers for the offering. SunTrust Robinson Humphrey and
Oppenheimer & Co. are acting as co-managers for the offering.
A copy of the preliminary prospectus supplement and the accompanying
prospectus related to the offering may be obtained from J.P. Morgan,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York, 11717, or by telephone: (866) 803-9204; or from
Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet
Mall, J12S03, Minneapolis, MN 55402, or by email at prospectus@pjc.com,
or by phone at (800) 747-3924.
A registration statement (including a prospectus) relating to these
securities has been filed with the U.S. Securities and Exchange
Commission (the “SEC”) and has become effective. This offering may be
made only by means of a prospectus supplement and accompanying
prospectus. Before you invest, you should read the prospectus supplement
and the accompanying prospectus in that registration statement and other
documents filed with the SEC for more information about Teladoc and this
offering. You may obtain these documents free of charge by visiting the
SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy these securities, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Teladoc
Teladoc, Inc. (NYSE:TDOC) is the nation’s leading provider of telehealth
services and a pioneering force in bringing the virtual care visit into
the mainstream of today’s health care ecosystem. Serving over 7,500
clients — including health plans, health systems, employers and other
organizations — more than 17 million members can use phone, mobile
devices and secure online video to connect within minutes to Teladoc’s
network of more than 3,000 board-certified, state-licensed physicians
and behavioral health specialists, 24/7. With national coverage, a
robust, scalable platform and a Lewisville, Texas-based member services
center staffed by 400 employees, Teladoc offers the industry’s most
comprehensive and complete telehealth solution, including primary care,
behavioral health care, dermatology, tobacco cessation and more.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be
identified by words such as: “anticipate,” “intend,” “plan,” “believe,”
“project,” “estimate,” “expect,” “may,” “should,” “will” and similar
references to future periods. Examples of forward-looking statements
include, among others, statements we make regarding our financing plans
(including statements related to the offering of common stock by us and
the selling stockholders and the intended use of net proceeds of the
offering), future revenues, future earnings, future numbers of members
or clients, litigation outcomes, regulatory developments, market
developments, new products and growth strategies, and the effects of any
of the foregoing on our future results of operations or financial
conditions.
Forward-looking statements are neither historical facts nor assurances
of future performance. Instead, they are based only on our current
beliefs, expectations and assumptions regarding the future of our
business, future plans and strategies, projections, anticipated events
and trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject to
inherent uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control. Our
actual results and financial condition may differ materially from those
indicated in the forward-looking statements. Therefore, you should not
rely on any of these forward-looking statements. Important factors that
could cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: (i) changes in laws and
regulations applicable to our business model; (ii) changes in market
conditions and receptivity to our services and offerings; (iii) results
of litigation; (iv) the loss of one or more key clients; and (v) changes
to our abilities to recruit and retain qualified providers into our
network. Additional relevant risks that may affect our results are
described in certain of our filings with the SEC.
Any forward-looking statement made by us in this press release is based
only on information currently available to us and speaks only as of the
date on which it is made. We undertake no obligation to publicly update
any forward-looking statement, whether written or oral, that may be made
from time to time, whether as a result of new information, future
developments or otherwise.
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Source: Teladoc, Inc.