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Hagerty Announces Pricing of Its Upsized Secondary Offering of Class A Common Stock
The selling stockholder plans to offer 9 million shares, with underwriters able to buy 1.35 million more, and Hagerty will get no proceeds.
- On Tuesday, Hagerty Holding Corp announced an underwritten secondary public offering of 9 million shares of Hagerty's Class A Common Stock.
- The Selling Stockholder intends to use net proceeds to effect a redemption of HHC shares for the benefit of the Kim Hagerty Revocable Trust.
- Morgan Securities LLC and Wells Fargo Securities are leading the offering, expected to close on or about Thursday subject to customary closing conditions.
- The Selling Stockholder granted underwriters a 30-day option to purchase up to 1,350,000 additional shares of Hagerty's Class A Common Stock.
- Hagerty, which protects 3.1 million vehicles across the United States and Canada, will not receive any proceeds from the sale of these shares.
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Hagerty Announces Pricing of its Upsized Secondary Offering of Class A Common Stock
TRAVERSE CITY, Mich., Nov. 10, 2026 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) ("Hagerty"), a business that makes it easier and more enjoyable to be a driving enthusiast, announced the pricing of its secondary offering, upsized to 10,000,000 shares of Hagerty's…
Shoreline Media Group+6 Reposted by 6 other sources
Hagerty Announces Secondary Offering of its Class A Common Stock
TRAVERSE CITY, Mich., Nov. 10, 2026 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) ("Hagerty"), a business that makes it easier and more enjoyable to be a driving enthusiast, announced that Hagerty Holding Corp. ("HHC" or the "Selling Stockholder") intends to offer…
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Leaning Left3Leaning Right1Center23Last UpdatedBias Distribution85% Center
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85% Center
11%
C 85%
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