 DRAPER, Utah, Feb. 19, 2021 GLOBE NEWSWIRE -- HealthEquity, Inc. NASDAQ: HQY HealthEquity or the Company, today announced the closing of the underwritten public offering of 5,000,000 shares of its common stock. The gross proceeds to HealthEquity from the offering, before underwriting discounts and commissions, were 401,500,000. Additionally, HealthEquity has granted the underwriter a 30-day option to purchase up to an additional 750,000 shares. HealthEquity intends to use the net proceeds from this offering for potential acquisitions, repayment of indebtedness and other general corporate purposes. 