InnovAge Prices Secondary Offering of 10 Million Shares at $9.25, Stock Falls

InnovAge Holding Corp. (INNV) announced on September 23, 2026, the pricing of a secondary offering of 10 million common shares by selling stockholders at $9.25 per share. The company's stock declined following the announcement. The offering was conducted by existing shareholders, meaning InnovAge will not receive proceeds from the sale. The $9.25 per-share price represents the level at which the block was marketed to institutional investors. InnovAge provides comprehensive healthcare programs, primarily through its Program of All-Inclusive Care for the Elderly (PACE). The secondary offering increases the public float of INNV shares without diluting the company's outstanding share count.