August 2021

Performant Financial Completes $43 Million Offering

United States - Minnesota

Performant Financial Corporation, a leading provider of technology-enabled audit, recovery and related analytics services in the United States with a focus in the health care payment integrity services industry, announced pricing of an underwritten public offering of common stock at a price to the public of $3.80 per share. Faegre Drinker is representing Craig-Hallum Capital Group, the lead book-running manager, and Colliers Securities LLC, the co-book-running manager, in the offering. The offering is expected to generate approximately $43 million in gross proceeds before deducting underwriting discounts and commissions and expenses.

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