Life Time Group announces pricing of 20M share offering of common stock

Life Time Group (LTH) announced the pricing of the previously announced underwritten secondary offering of 20M shares of the company’s common stock by certain selling stockholders, resulting in total gross proceeds of $590M, before deducting underwriting discounts and commissions. The offering is expected to close on June 6, 2025, subject to the satisfaction of customary closing conditions. The selling stockholders will receive all of the proceeds from the proposed offering. The company will not receive any of the proceeds from the sale of shares of the company’s common stock by the selling stockholders. J.P. Morgan and BofA Securities are serving as the underwriters for the proposed offering.