secwatch.observer — SEC 8-K summary
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Issuer:     HCI Group, Inc. (HCI)
CIK:        0001400810
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0001193125-23-290792
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1400810/000119312523290792/0001193125-23-290792-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1400810/000119312523290792/d84735d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-290792

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