Old Republic announces ECM members approve conversion; ORI to issue up to 956k shares at 35% discount

OLD REPUBLIC INTERNATIONAL CORP

ECM members approved conversion to stock company and acquisition by Old Republic.
ORI received subscriptions for ~$24.7M from sale of 956k shares at $25.80/share (35% discount to $39.70 VWAP).
Acquisition of ECM Group to close on July 1, 2026 upon filing of amended charter.
CEO Craig Smiddy commented on welcoming ECM's commercial agricultural expertise and disciplined underwriting.

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