<a href="https://laohu8.com/S/HGTY">Hagerty</a> Inc. Announces Upsized Secondary Offering of Class A Common Stock Priced at $9.34 Per Share
Hagerty, Inc., an automotive enthusiast brand and specialty vehicle insurance provider, announced the pricing of its upsized secondary offering of Class A Common Stock. The offering has been increased to 9,700,000 shares, priced at $9.34 per share, and is being offered by Hagerty Holding Corp. and Aldel LLC. The Selling Stockholders have also granted underwriters a 30-day option to purchase an additional 1,455,000 shares. The offering is anticipated to close around August 11, 2025, pending customary closing conditions. Hagerty will not receive any proceeds from the sale, as the net proceeds will be used to redeem shares for the benefit of the estate of Kim Hagerty. Keefe, Bruyette & Woods and J.P. Morgan are acting as lead bookrunning managers, with additional support from BMO Capital Markets, Citizens Capital Markets, Wells Fargo Securities, and Oppenheimer & Co.
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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-177927), on August 11, 2025, and is solely responsible for the information contained therein.
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