Lemonade (LMND) Files Form S-3 Shelf Registration

Lemonade, Inc. (NYSE: LMND) today announced that it has filed a shelf registration statement on Form S-3 (the “Shelf Registration”) with the Securities and Exchange Commission (the “SEC”).

This filing registers our common stock beneficially owned by selling stockholders, including SoftBank Group Capital Ltd. (the “Stockholder”) pursuant to registration rights agreed to in the amended and restated investors rights agreement among the Company, the Stockholders and other parties thereto, effective October 14, 2022. The Company has not been advised as of the date of this release that the Stockholder has any specific plans to sell its shares, and any offering may be made only by means of the prospectus included in the Shelf Registration, as supplemented by one or more related prospectus supplements with respect to the offering.

The Shelf Registration would also permit the Company to offer and sell its common stock, preferred stock, debt securities, warrants, purchase contracts and units, from time to time, subject to market conditions and the Company’s capital needs. The Company has no immediate plans to offer or sell any securities under this Shelf Registration to the public. However, the Company felt it was prudent to include this optionality as a matter of standard corporate governance to respond to future financing and business opportunities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offering may be made only by means of the prospectus included in the registration statement and one or more related prospectus supplements that may be used with respect to such offering.

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