Waystar Announces Pricing for Significant Secondary Common Stock Offering

Waystar's Major Secondary Offering Announcement

Overview
On September 11, 2025, Waystar Holding Corp. (Nasdaq: WAY) made a significant announcement regarding the pricing of their secondary stock offering. As a leading provider in healthcare payments software, Waystar detailed that certain investment funds, specifically EQT AB, Bain Capital, LP, and Canada Pension Plan Investment Board (CPP Investments), will be selling a total of 18 million shares of common stock. This offering is part of a registration statement filed with the U.S. Securities and Exchange Commission (SEC).

Details of the Offering
The shares will be priced at $39.40 per share, with the transaction expected to close around September 12, 2025, pending customary closing conditions. It’s important to note that Waystar is not selling any of the shares nor will it obtain proceeds from this offering; instead, the offering will solely benefit the selling stockholders involved. J.P. Morgan is acting as the underwriter for this deal, ensuring a structured approach to the transaction.

Legal Information
In accordance with legal provisions, this announcement does not serve as an offer to sell or buy securities. Any transaction related to this offering will be conducted following applicable laws, ensuring all registration requirements are met under the Securities Act of 1933. Interested parties may obtain a prospectus supplement by contacting J.P. Morgan Securities LLC, or they can visit the SEC’s official website for additional documentation.

Future Insights and Forward-Looking Statements
This announcement contains forward-looking statements as per the Private Securities Litigation Reform Act of 1995. Such statements encompass the company’s expectations which are subject to various risks and uncertainties that could affect the successful completion of this offering. These risks are elaborated in Waystar's Annual Report on Form 10-K for the fiscal year ending December 31, 2024, along with any latest filings with the SEC. Waystar is not obligated to update these statements unless required by law.

About Waystar
Waystar's commitment to transforming healthcare payments is remarkable. Its cutting-edge software platform serves approximately 30,000 clients, accounting for over one million healthcare providers, including 16 of the top 20 institutions recognized by U.S. News Best Hospitals. The platform efficiently processes around 6 billion transactions annually, managing over $1.8 trillion in claims and touching nearly half of all U.S. patients. With this foundation, Waystar not only aims to enhance operational efficiencies for healthcare providers but also strives to focus on patient-centered care.

As Waystar continues to navigate its market position amid such financial maneuvers, the company remains dedicated to its mission, helping to streamline healthcare payments while enabling providers to dedicate more resources to patient care and community service. With this secondary offering, Waystar is poised for potential expansion and consolidation in the evolving healthcare landscape, ensuring it remains a significant player in healthcare technology.

Media Contacts
For further inquiries, media representatives can reach Kristin Lee at [email protected] or connect with the investor relations team at [email protected] In a landscape where healthcare and financial technology converge, Waystar's decisive actions signify a forward path amidst the complexities of modern-day healthcare requirements.