other material
confidence high
sentiment neutral
materiality 0.60
EverQuote raises $15M via private placement of 1M shares at $14.94 to insider
EverQuote, Inc.
- Sold 1,004,016 shares of Class A common stock to Recognition Capital LLC, entity controlled by chairman David Blundin.
- Priced at $14.94 per share, the closing price on Feb 22, 2022; total proceeds of $15.0 million.
- Private placement closed on Feb 23, 2022; shares are restricted securities issued under Rule 506(b).
- The purchaser is an accredited investor and affiliate of Link Ventures, EverQuote's largest stockholder.