Conifer raises $7.5M via Series B Preferred and warrants to board-affiliated entity

Presurance Holdings, Inc.

Sold 1,000 shares Series B Preferred at $5,000/share and warrants for 4M common shares at $1.50, raising $5M on Feb 27.
Sold additional 5,000 shares Series B Preferred for $2.5M on Mar 3, total $7.5M raised.
Warrants exercisable for 4M common shares at $1.50 per share, expire Jan 31, 2027.
Series B Preferred pays prime rate + 600 bps (floor 12%), ranks senior to common, matures Dec 31, 2026.
Proceeds to be used for working capital and general corporate purposes.

item 1.01 item 3.02 item 3.03 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Presurance Holdings, Inc.: Filed Certificate of Designation designating 1,500 shares of Series B Preferred Stock with terms including senior liquidation preference, dividend rate, optional redemption, and voting power limited to 19.99% of aggregate voting power (effective 2025-02-27).

Change: charter amendment
Effective: 2025-02-27

Exact text from the filing

On February 27, 2025, the Company filed the Certificate of Designation of Series B 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

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Presurance Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-032146

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