Hagerty Prices Upsized Secondary Offering of 9,250,000 Class A Shares at $11.95

Corporate Action

โดย PR Newswire·

Summary · why it matters

Hagerty, Inc. announced the pricing of its upsized secondary offering of 9,250,000 shares of its Class A Common Stock at $11.95 per share, with the shares being offered by Hagerty Holding Corp. The Selling Stockholder also granted the underwriters a 30-day option to purchase up to an additional 1,387,500 shares. The offering is expected to close on or about September 11, 2026, subject to customary closing conditions. Hagerty will not receive any proceeds from the sale, and the Selling Stockholder will bear the underwriting discounts and commissions; HHC said the net proceeds will be used to redeem a corresponding number of its HHC shares for the benefit of the Kim Hagerty Revocable Trust. Wells Fargo Securities and J.P. Morgan are acting as representatives of the underwriters and lead bookrunning managers, with BMO Capital Markets, Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, and Oppenheimer & Co. as additional bookrunning managers.

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