Hagerty selling stockholder plans secondary offering of 8,250,000 Class A shares
HGTY•Secondary offering details
Hagerty plans an underwritten secondary offering of 8,250,000 shares of Class A common stock by Hagerty Holding Corp.
- Underwriters receive a 30-day option to buy up to 1,237,500 additional shares.
- No proceeds go to Hagerty; the selling stockholder funds a redemption of an equal number of HHC shares for the Kim Hagerty Revocable Trust.
- Wells Fargo Securities and J.P. Morgan lead the underwriting group.
