Hagerty Announces Pricing of Upsized 10 Million Share Secondary Offering
Hagerty, Inc. (NYSE: HGTY) has announced the pricing of an upsized secondary offering consisting of 10,000,000 shares of Class A Common Stock. The shares are being sold by Hagerty Holding Corp. (HHC) at a price of $14.85 per share. Underwriters have been granted a 30-day option to purchase an additional 1,500,000 shares. Hagerty will not receive any proceeds from this transaction; instead, the Selling Stockholder (HHC) will retain all proceeds to fund a redemption for the benefit of the Kim Hagerty Revocable Trust. The offering is expected to close around November 12, 2026, subject to customary closing conditions.
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Topics: equity issuance secondary offering stock pricing underwriting
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