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.
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