Teladoc Announces Sale of Shares of Common Stock

Teladoc (NYSE: TDOC) announced the closing of the previously announced offering of 8,250,000 shares of its common stock at a price to the public of $16.75 per share, as well as the exercise in full by the underwriters of their option to purchase an additional 1,237,500 shares of common stock from Teladoc. As a result, the total offering size was 9,487,500 shares of Teladoc’s common stock. Teladoc received net proceeds from the offering of approximately $124.1 million.