Form 8-K · Current Report · Filed 2025-05-13
Hims & Hers Health, Inc. Announces $1.0 Billion Convertible Senior Notes Issuance
Hims & Hers Health, Inc. has issued $1.0 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030, which were sold in a private offering to qualified institutional buyers. The issuance includes an option for the initial purchasers to buy an additional $130.0 million principal amount of Notes. The Company also entered into capped call transactions to manage potential dilution upon conversion of the Notes. The Notes do not bear regular interest and will mature on May 15, 2030, with conversion rights available from November 15, 2029. The issuance is part of a larger financing strategy to support the Company's operations and growth.
- Filer
- Hims & Hers Health, Inc. HIMS · NYSE
- Filed
- Accession
- 0001193125-25-118948
- CIK
- 0001773751
- Signal
- Medium impactConsumer Defensive
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Unregistered Sales of Equity Securities
Financial Statements and Exhibits
Market reaction
Close before filing
$55.21
Next session
+10.7%
Since filing
-49.7%
Latest close
$27.77
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from HIMS reporting the same item, with the next session's move:
Exhibits (3)
About Hims & Hers Health, Inc.
Hims & Hers Health, Inc. is a telehealth service provider that aims to simplify and enhance healthcare access for consumers. The company specializes in personal care and wellness products and services, offering both prescription and over-the-counter solutions. With a focus on destigmatizing health and wellness issues, Hims & Hers addresses areas such as dermatology, sexual health, hair care, and mental wellness, appealing to a broad demographic looking for convenient and private healthcare options. By facilitating online consultations with licensed medical professionals, the company allows users to receive medical advice, treatments, and prescriptions, all accessible from the comfort of their homes. Hims & Hers plays a significant role in the growing digital healthcare market, leveraging technology to provide more accessible and personalized healthcare experiences. Headquartered in San Francisco, the company capitalizes on the increase in demand for telehealth services, buoyed by advancements in digital health trends and the expanding e-commerce space for healthcare solutions.
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