IPO - Life Time Group Holdings, Inc.

Form Type: 424B7

Filing Date: 2025-06-05

Corporate Action: Ipo

Type: New

Accession Number: 000119312525135284

Filing Summary: Life Time Group Holdings, Inc. is conducting a public offering of 20,000,000 shares of its common stock, with no proceeds going to the company from the selling stockholders. This offering follows a shift in the ownership distribution among its stockholders, moving from being a controlled company to no longer being classified as such after the offering. The Voting Group, which collectively held 52.3% of common stock, will see its stake reduced to approximately 43.1%. This change will affect corporate governance standards, notably allowing the company to rely on exemptions from certain requirements for a one-year transition period. Investors are cautioned that this offering involves a high degree of risk, and they should consider multiple factors including market volatility and potential influences from major shareholders, as the Voting Group will still exert significant influence over corporate decisions despite no longer holding a majority. The current market price of the stock was $29.87 as of June 4, 2025, before the offering. The prospectus emphasizes the need for potential investors to review the associated risks thoroughly before making investment decisions and provides disclosures mandated by the SEC.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-03-05

Corporate Action: Ipo

Type: Update

Accession Number: 000095017025033521

Filing Summary: This document is an amendment to the Schedule 13D related to Life Time Group Holdings, Inc., detailing the activities of certain stockholders in connection with a public offering of common stock. On February 27, 2025, an underwriting agreement was signed for the February 2025 Public Offering of Common Stock at a price of $30.13 per share. On March 3, 2025, PG Master Fund, PG PE II, PG Series 61 and PG Access 83 sold a total of 1,262,014 shares of Common Stock as part of this offering. The document also outlines the lock-up agreement, which restricts these stockholders from selling or transferring shares for 60 days. The amendment updates ownership percentages post-offering and emphasizes the right to receive dividends and proceeds from the sold shares. It incorporates details about the underwriter's agreement and acknowledges multiple parties involved in the stockholder agreements, maintaining relation to the previous filings made in 2021 and 2024.