secwatch.observer — SEC 8-K summary
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Issuer:     Skyward Specialty Insurance Group, Inc. (SKWD)
CIK:        0001519449
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001104659-24-057990
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westaim launches secondary offering of 4.4M Skyward Specialty shares at $36.50 each
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- Selling stockholder Westaim HIIG GP Inc. offers 4,400,000 shares of SKWD common stock at $36.50 per share.
- Underwriters granted 30-day option to purchase up to an additional 660,000 shares.
- Skyward Specialty will not receive any proceeds from the sale; all net proceeds go to the selling stockholder.
- After offering, Westaim will hold 4.80% (full option exercise) or 6.45% (no exercise) of SKWD shares.
- Offering expected to close May 9, 2024; lock-up agreements with officers and directors for 90 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1519449/000110465924057990/0001104659-24-057990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1519449/000110465924057990/tm2413544d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-057990

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