---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-290792"
form_type: "8-K"
ticker: "HCI"
cik: "0001400810"
company_name: "HCI Group, Inc."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:05:15.367085+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HCI Group prices 1M-share public offering at $78/sh, expects ~$73.4M net proceeds

## Summary
- Underwritten offering of 1,000,000 shares at $78.00 per share, total gross proceeds ~$78M.
- Underwriters granted 30-day option for up to 150,000 additional shares at same price less discounts.
- Net proceeds of ~$73.4M for general corporate purposes including policy assumptions from Citizens Property Insurance Corp.
- Offering expected to close Dec 11, 2023; JMP Securities (Citizens) lead book-runner.

## SEC filing metadata
- accession: 0001193125-23-290792
- form_type: 8-K
- ticker: HCI
- cik: 0001400810
- company_name: HCI Group, Inc.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1400810/000119312523290792/0001193125-23-290792-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1400810/000119312523290792/d84735d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-290792
- JSON: https://secwatch.observer/filing/0001193125-23-290792.json
- Plain text: https://secwatch.observer/filing/0001193125-23-290792.txt

## Key facts
- Material Agreements
  HCI Group, Inc. entered into Underwriting Agreement with Citizens JMP Securities, LLC (effective 2023-12-06).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Citizens JMP Securities, LLC
  - Effective: 2023-12-06
  source text: On December 6, 2023, HCI Group, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Citizens JMP Securities, LLC, as representative of the several underwriters thereto (the “Underwriters”), relating to the previously announced underwritten offering of 1,000,000 shares (the “Shares”) of the Company’s common stock, no par value per share (the “Common Stock” and such offering, the “Offering”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1400810/000119312523290792/0001193125-23-290792-index.htm

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