CPE News (4/14/2021) – LifeSpeak Inc. has filed a preliminary prospectus in connection with a proposed initial public offering (IPO) and con-current secondary of offering of common shares.
The offering terms have yet to be determined.
The selling shareholders include 25th Mile Capital Partners Inc., Michael McKenna, 451484 Ontario Inc., Evoke Solutions Incorporated, Grasshopper Holdings LP, Kensington LS Fund L.P., Krista Mussell, McLean Management Advisory Inc., Michael Held, Michael Held Family Trust, Michael Vanderkaden, NBFT Capital LP, Nolan Bederman, Nolan Bederman Family Trust, Round 13 Growth 2020 L.P., Roynat Capital Inc. and 2838091 Ontario Inc.
Founded by Michael Held, LifeSpeak is a leading software-as-a-service (SaaS) provider of digital mental health and total well-being education for mid- and enterprise sized organizations. LifeSpeak said it serves over 225 diverse clients globally, including Fortune 500 companies, government agencies, insurance providers and other health technology firms.
LifeSpeak has approximately 50 employees mainly working remotely. Besides its Toronto personnel, LifeSpeak has “team members” in Montreal, Vancouver, California, Texas, Nebraska, Illinois, North Carolina, South Carolina and sales resources in Ireland and Israel.
In September 2020, Round 13 Growth LP, along with Kensington Capital Partners and Roynat Capital, invested $42 million by way of a secondary purchase from the then-existing shareholders.
LifeSpeak pre-IPO major shareholdings are as follows:
Held Group/Michael Held – 10,242,504 common shares
Round 13 – 5,812,084 common shares
Bederman Group – 5,153,998 common shares
Kensington – 4,520,510 common shares
Roynat Capital – 3,228,936 common shares
photo credit: LifeSpeak