---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-007969"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:28:43.482988+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HCI Group redeems $100M TypTap preferred stock, extends Centerbridge warrant, files new S-3 shelf

## Summary
- Redeemed all TypTap Series A Preferred held by Centerbridge for ~$100M plus ~$2.9M accrued dividends, eliminating future 9.5% dividends.
- Extended warrant for 750K HCI shares: 450K shares expire in 150K increments Dec 2026-2028; 300K shares expire Feb 2025 unchanged.
- Funded with cash on hand and $50M from existing Fifth Third Bank credit facility.
- Filed new S-3 shelf registration and at-the-market facility to raise up to $75M, though no immediate plans to issue shares.
- One-time non-cash deemed dividend from warrant extension recognized in Q1 2024.

## SEC filing metadata
- accession: 0000950170-24-007969
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000095017024007969/0000950170-24-007969-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000095017024007969/hci-20240122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-007969
- JSON: https://secwatch.observer/filing/0000950170-24-007969.json
- Plain text: https://secwatch.observer/filing/0000950170-24-007969.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.