---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-042899"
form_type: "8-K/A"
ticker: "PRHI"
cik: "0001502292"
company_name: "Presurance Holdings, Inc."
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T20:01:10.677617+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Conifer Holdings completes sale of CIS for $43.4M; uses proceeds to reduce debt and redeem preferred

## Summary
- Conifer completed sale of Conifer Insurance Services (CIS) on Aug 30, 2024, for ~$43.4M in cash.
- Estimated net gain on sale of $40.4M; CIS will be reported as discontinued operations.
- Net proceeds used to repay $9.3M Senior Secured Note (plus call premium) and redeem all preferred stock ($6M).
- Pro forma balance sheet shows shareholders' equity improves from -$1.2M to $37.6M.
- Continuing operations pro forma net loss of $3.3M for H1 2024, improved from -$3.6M historical.

## SEC filing metadata
- accession: 0001140361-24-042899
- form_type: 8-K/A
- ticker: PRHI
- cik: 0001502292
- company_name: Presurance Holdings, Inc.
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1502292/000114036124042899/0001140361-24-042899-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1502292/000114036124042899/ef20036705_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-042899
- JSON: https://secwatch.observer/filing/0001140361-24-042899.json
- Plain text: https://secwatch.observer/filing/0001140361-24-042899.txt

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