Life Time Group Holdings Announces Pricing Of $590M Secondary Offering Of 20M Shares By Selling Stockholders, With No Proceeds To The Company

Life Time Group Holdings, Inc. (NYSE:LTH) ("Life Time" or the "Company") announced today the pricing of the previously announced underwritten secondary offering of 20,000,000 shares of the Company's common stock by certain selling stockholders, resulting in total gross proceeds of $590,000,000, 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. The underwriters propose to offer the shares to the public from time to time at a fixed price.