Hagerty Announces Pricing of Secondary Offering for Class A Common Stock
Hagerty Inc. has announced the pricing of its upsized secondary offering of 9,250,000 shares of Class A common stock at $11.95 per share. The offering is being conducted by Hagerty Holding Corp., which will use the proceeds to redeem a corresponding number of HHC shares for the benefit of the Kim Hagerty Revocable Trust. The underwriters have also been granted an option to purchase up to 1,387,500 additional shares within 30 days. The offering is expected to close on or about September 11, 2026, subject to customary conditions. Hagerty will not receive any proceeds from the sale. Wells Fargo Securities and J.P. Morgan are acting as lead bookrunning managers for the offering.
Topics: corporate finance secondary market transaction stock offering