Porch Group, Porch Reciprocal Exchange set up ATM offering of up to 15 million shares
PRCH•Porch Group may issue up to 5 million new shares, while Porch Reciprocal Exchange may sell up to 10 million existing shares through an at-the-market offering. Porch Group will receive no proceeds from the Reciprocal’s sales.
1. Offering agreement
Porch Group entered an at-the-market equity distribution agreement with StoneX Financial as sales agent on October 30, 2026. Porch Group may sell up to 5 million common shares, and Porch Reciprocal Exchange may sell up to 10 million existing common shares.
2. Use of proceeds
Porch Group intends to use its proceeds for general corporate purposes. The Reciprocal’s sales would convert its holdings into fully admitted cash assets, potentially strengthening its statutory surplus and liquidity. Neither seller is obligated to sell shares, and StoneX will receive a commission of 1.5% of gross sales proceeds.
