Nomi Health Shares Up 7.86% Following LOEN Filing

Nomi Health, Inc. is rebuilding healthcare with services and technology solutions that allow easy access to quality, affordable care. It is also a component of the Prime Unicorn Index,  the standard bearer for private markets benchmarking. Reflecting the broader private market, the Index is down 7% year-to-date. 

On August 18, 2023, Nomi Health filed a Limited Offering Exemption Notice (LOEN) at a preferred price per share (PPPS) of $68.85, up 7.86% from its previous PPPS of $63.84. This puts the company at a post-money valuation of $2 billion.

A LOEN is a securities exemption filing in the state of California that, according to the Dahl Law Group, is available if (a) the securities are sold to no more than 35 persons, (b) all purchasers have a preexisting personal or business relationship with the offeror or company (and other owners of the company), (c) all purchasers are not purchasing the security with a view to sell or distribute the security, and (d) the offer and sale are not accomplished by publication of any advertisement. 

Nomi Health’s most recent round was a $72.69 million Series A round in November 2021 at a PPPS of $63.84, valuing the company at $1.75 billion. Previous investors include Rose Park Advisors and Arbor Ventures.

See how Nomi Health has performed against the Prime Unicorn Index below.