We successfully closed our recent, opportunistic registered offering raising $1.57 billion total of new equity!
This additional capital strengthens our already strong position and enhances our ability to drive innovation and pursue organic and inorganic growth opportunities across our business, supporting our intermediate and long-term growth ambitions.
Additionally, this new capital gives us optionality to proactively pay down expensive debt which would make the incremental equity raised be neutral to EPS.
All else equal, this equity increases our tangible book value and is accretive to tangible book value per share.
We are thankful for the ongoing support of our shareholders as we work tirelessly to help our members get their money right.
Detailed forward-looking statement legend available here: