Corporate ActionNov 12, 2026, 04:37 PM

Hagerty Prices Upsized Secondary Offering at $14.85/Share

AI Summary

Hagerty, Inc. announced the pricing of its upsized secondary offering of 10,000,000 shares of Class A Common Stock at $14.85 per share. The Selling Stockholder, Hagerty Holding Corp., also granted underwriters an option to purchase up to an additional 1,500,000 shares. Hagerty, Inc. will not receive any proceeds from this offering; the Selling Stockholder will use the net proceeds to redeem shares for the benefit of the Kim Hagerty Revocable Trust. The offering is expected to close on November 12, 2026.

Key Highlights

Hagerty, Inc. announced the pricing of an upsized secondary offering of 10,000,000 shares of Class A Common Stock.
The offering price was set at $14.85 per share, with an option for underwriters to purchase an additional 1,500,000 shares.
The Selling Stockholder (Hagerty Holding Corp.) will receive the proceeds, not Hagerty, Inc.
Proceeds will be used by the Selling Stockholder to redeem shares for the benefit of the Kim Hagerty Revocable Trust.
The offering is expected to close on or about November 12, 2026.

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Hagerty, Inc.

Price Impact