Hagerty Upsizes Secondary Offering to 9.25M Shares at $11.95
HGTY sits 32% above its 52-week low of $9.36.
Summary
Hagerty Holding Corp. priced its secondary offering of Class A shares at $11.95, upsizing from 8.25 million to 9.25 million shares. The underwriters also received a 30-day option for an additional 1.3875 million shares. Hagerty will not receive proceeds; the selling stockholder will use net proceeds to redeem HHC shares for the Kim Hagerty Revocable Trust. The offering is expected to close on or about September 11, 2026.
At the time of this announcement, HGTY was trading at $12.34 on NYSE in the Finance sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $9.36 to $14.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: PR Newswire.