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Hagerty Announces Pricing of Its Upsized Secondary Offering of Class A Common Stock
- Hagerty, Inc. announced an underwritten secondary public offering of 8,700,000 shares of its Class A Common Stock by Hagerty Holding Corp. and Aldel LLC.
- The Selling Stockholders plan to grant underwriters a 30-day option to purchase an additional 1,305,000 shares of Hagerty's Class A Common Stock.
- Hagerty will not receive any proceeds from the sale of shares by the Selling Stockholders, who aim to redeem shares for the estate of Kim Hagerty.
- The offering is expected to close on August 11, 2025, pending customary closing conditions.
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56 Articles
Denton Record-Chronicle+29 Reposted by 29 other sources
Hagerty Announces Secondary Offering of its Class A Common Stock
TRAVERSE CITY, Mich., Aug. 6, 2025 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY) ("Hagerty"), an automotive enthusiast brand and leading specialty vehicle insurance provider, announced that Hagerty Holding Corp. ("HHC") and Aldel LLC ("Aldel" and together with HHC, the "Selling Stockholders")…
·Denton, United States
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Coverage Details
Total News Sources56
Leaning Left3Leaning Right2Center27Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
C 84%
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