DEREGISTRATION OF SECURITIES
These Post-Effective Amendments (the Post-Effective Amendments) are being filed by Benefytt Technologies, Inc., a Delaware corporation (the
Registrant), to withdraw and remove from registration all shares of the Registrants Class A Common Stock, $0.001 par value per share (the Shares), remaining unissued and unsold under the following
Registration Statements on Form S-8, in each case as amended by any post-effective amendments thereto (each, a Registration Statement, and collectively, the Registration
Statements) filed by the Registrant with the U.S. Securities and Exchange Commission (the SEC):
|
|
|
Registration Statement No. 333-186503
, filed on February 7, 2013, registering the offer and sale of 1,250,000 Shares issuable pursuant to the Health Insurance Innovations, Inc. Long Term Incentive Plan;
|
|
|
|
Registration Statement No. 333-207907
, filed on November 9, 2015, registering the offer and sale of 1,078,547 Shares issuable pursuant to the Health Insurance Innovations, Inc. Long Term Incentive Plan;
|
|
|
|
Registration Statement No. 333-212997
, filed on August 8, 2016, registering the offer and sale of 1,000,000 Shares issuable pursuant to the Health Insurance Innovations, Inc. Long Term Incentive Plan; and
|
|
|
|
Registration Statement No. 333-219711
, filed on August 4, 2017, registering the offer and sale of 2,000,000 Shares issuable pursuant to the Health Insurance Innovations, Inc. Long Term Incentive Plan;
|
in each case, plus such indeterminate number of Shares as may be issued to prevent dilution resulting from stock splits, dividends or similar transactions in
accordance with Rule 416(a) of the Securities Act of 1933, as amended (the Securities Act), and the terms of the applicable Registrant plan.
On July 12, 2020, the Registrant entered into an Agreement and Plan of Merger (the Merger Agreement) with Daylight Beta Parent Corp.,
a Delaware corporation (Parent), and Daylight Beta Corp., a Delaware corporation and a wholly-owned direct subsidiary of Parent (Merger Sub).
Pursuant to the Merger Agreement, Merger Sub commenced a tender offer (the Offer) on July 24, 2020 to acquire all of the
Registrants outstanding Shares for $31.00 per Share, net to the seller in cash, without interest thereon (the Offer Price) and less any applicable withholding taxes. The Offer expired at one minute after 11:59 p.m., New York
City time, on August 20, 2020 (the Expiration Time) and all conditions were satisfied. American Stock Transfer & Trust Company, LLC, in its capacity as depositary and paying agent for the Offer, advised the
Registrant and Merger Sub that, as of the Expiration Time, 83.1% of the outstanding Shares were validly tendered and not properly withdrawn pursuant to the Offer. On August 21, 2020, Merger Sub accepted for purchase and payment all such Shares
validly tendered and not properly withdrawn pursuant to the Offer prior to the Expiration Time and made payment for such Shares.
On August 21, 2020,
as a result of its acceptance of, and payment for, the Shares tendered in the Offer, Merger Sub acquired a sufficient number of Shares to complete the merger of Merger Sub with and into the Registrant (the Merger) without a vote
of the stockholders of the Registrant in accordance with Section 251(h) of the Delaware General Corporation Law (DGCL). Accordingly, following the consummation of the Offer, Parent and Merger Sub effected the Merger pursuant
to Section 251(h) of the DGCL with the Registrant continuing as the surviving corporation in the Merger and thereby becoming a wholly-owned direct subsidiary of Parent.
The Merger became effective on August 21, 2020 following the filing of the Certificate of Merger with the Office of the Secretary of State of the State
of Delaware (the Effective Time). At the Effective Time, among other things, each outstanding Share, whether vested or unvested (other than Shares owned directly or indirectly by Parent or Merger Sub, Shares held by the Registrant
as treasury stock immediately prior to the Effective Time, and Shares owned by a holder who has properly demanded appraisal) was automatically canceled and converted into the right to receive the Offer Price, payable net to the seller in cash,
without interest, subject to any required withholding taxes.
In addition, on August 21, 2020, The NASDAQ Global Select Market filed a Form 25 to
delist the Shares. The Registrant intends to file a Form 15 to terminate registration under Section 12(g) of the Securities Exchange Act of 1934, as amended (the Exchange Act), and its duty to file reports under Sections 13
and 15(d) of the Exchange
Act.
As a result of the Merger,
the Registrant has terminated any and all offerings of its securities pursuant to the Registration Statements. Accordingly, the Registrant hereby terminates the effectiveness of each Registration Statement and, in accordance with an undertaking made
by the Registrant in Part II of each Registration Statement to remove from registration, by means of a post-effective amendment, any securities that had been registered for issuance but remain unsold as of the Effective Time.
2