Hagerty, Inc. · HGTY · 8-K · Filed
Announces secondary public offering of Class A Common Stock
HGTY
8-K
Equity offerings
Source: SEC EDGAR, accession 0001193125-26-386495 · Items 7.01, 9.01
What did Hagerty, Inc. announce?
Hagerty Holding Corp. is offering 8,250,000 shares of Hagerty, Inc.'s Class A Common Stock in an underwritten secondary public offering.
Key details
- Hagerty Holding Corp. will offer 8,250,000 shares of Class A Common Stock.
- The underwriters have a 30-day option to purchase up to an additional 1,237,500 shares.
- Hagerty, Inc. will not receive any proceeds from the sale of shares by the selling stockholder.
- The net proceeds will be used by Hagerty Holding Corp. to redeem HHC shares for the benefit of the Kim Hagerty Revocable Trust.
Why it matters
This 8-K reports an equity offering at Hagerty, Inc.. The likely share-price reaction reads as neutral.
Neutral