Hagerty announced the pricing of an upsized secondary public offering of 9.25 million shares of its Class A Common Stock by selling stockholder Hagerty Holding at a public offering price of $11.95 per share. Hagerty Holding has granted the underwriters a 30-day option to purchase up to an additional 1.39 million shares of Class A common stock. Hagerty will not receive any proceeds from the offering, and Hagerty Holding will bear all associated underwriting discounts and commissions. Hagerty Holding intends to use the net proceeds to redeem a corresponding number of its shares for the benefit of the Kim Hagerty Revocable Trust. The offering is expected to close on or about September 11, 2026.
Hagerty IncHagerty Holding prices an upsized 9.25M-share secondary offering at $11.95; Hagerty receives no proceeds, so the impact on the company is unclear.
