LifeStance Health Group Announces Secondary Public Offering, Offering Context for Investors<br/>SCOTTSDALE, Ariz., May 21, 2024 - LifeStance Health Group, Inc. (LifeStance or the Company) (Nasdaq: LFST), a leading provider of virtual and in-person outpatient mental health care, has made a crucial announcement regarding the launch of a secondary public offering. The Company has disclosed that certain stockholders, known as the Selling Stockholders, plan to offer 20,000,000 shares of LifeStance*s common stock. This action comes under the guidelines of a shelf registration statement filed with the Securities and Exchange Commission (SEC).<br/>Understanding the key components of this secondary offering is important for potential investors. The Selling Stockholders will receive all the proceeds from the sale, implying that LifeStance will not be selling any shares of Common Stock or receiving any earnings from the offering. It is also noteworthy that the underwriters hold a 30-day option to purchase up to an additional 3,000,000 shares of common stock from the Selling Stockholders.<br/>

Despite a cyber attack impacting cash collections, LifeStance expects to resolve the issue by the second quarter and deliver positive free cash flow in 2024.

Healthcare provider LifeStance Health has teamed up with Leica Camera on a campaign that uses photography and poetry to reduce stigmas around mental health.