Biote Announces Pricing of Secondary Offering of Common Stock

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Jun 05, 2023

biote Corp. (NASDAQ: BTMD) (“Biote” or the “Company”), a leading provider of preventive health care through the delivery of personalized hormone therapy, today announced the pricing of an underwritten offering of 5,217,392 shares of its Class A common stock by one its stockholders at a price of $5.35 per share. The selling stockholder has granted the underwriter a 30-day option to purchase an aggregate of not more than 782,608 additional shares of the Company’s Class A common stock on the same terms and conditions. The Company will not receive any of the proceeds from the sale of the shares offered by the selling stockholder.