Presurance Holdings, Inc.: Filed Certificate of Designation designating Series A Preferred Stock, setting preferences and terms, as an amendment to the Second Amended and Restated Certificate of Incorporation (effective 2023-12-20).
Change
charter amendment
Effective
2023-12-20
Exact text from the filing
On December 20, 2023, the Company filed the Certificate of Designation of Series A Preferred Stock (the “Certificate of Designation”) to the Company’s Second Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Michigan, effective as of such date, designating 1,000 shares of Series A Preferred Stock
Material AgreementsSEC 8-K Item 1.01/1.02confidence 0.9
Presurance Holdings, Inc. entered into Securities Purchase Agreement with Clarkston 91 West LLC valued at $6 million (effective 2023-12-20).
Action
entry
Agreement
equity purchase
Counterparty
Clarkston 91 West LLC
Value
$6 million
Effective
2023-12-20
Exact text from the filing
On December 20, 2023 (the “Initial Issue Date”), Conifer Holdings, Inc. (the “Company”) sold $6 million of its newly designated Series A Preferred Stock, no par value (the “Series A Preferred Stock”), to Clarkston 91 West LLC (the “Purchaser”), an entity affiliated with Gerald and Jeffrey Hakala, members of the Board of Directors of the Company. The sale of the Series A Preferred Stock was consummated on the Initial Issue Date pursuant to a Securities Purchase Agreement (the “Purchase Agreement”) by and between the Company and the Purchaser.
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