Hagerty Inc. Files Prospectus for Upsized Secondary Offering of Class A Common Stock

Reuters
08/08
Hagerty Inc. Files Prospectus for Upsized Secondary Offering of Class A Common Stock

Hagerty, Inc. $(HGTY)$, an automotive enthusiast brand and specialty vehicle insurance provider, has announced the pricing of its upsized secondary offering of Class A Common Stock. The offering includes 9,700,000 shares priced at $9.34 per share, with the Selling Stockholders, Hagerty Holding Corp. and Aldel LLC, also granting underwriters a 30-day option to purchase an additional 1,455,000 shares. Hagerty will not receive proceeds from the sale, as the Selling Stockholders will cover underwriting discounts and commissions. The net proceeds will be used to redeem shares for the estate of Kim Hagerty. The offering is expected to close around August 11, 2025, pending customary conditions. The prospectus for this offering is available on the SEC's website or through the underwriters.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hagerty Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DE47128) on August 07, 2025, and is solely responsible for the information contained therein.

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