Heritage Insurance launches underwritten public offering of common stock; insiders to purchase up to $1.5M

Heritage Insurance Holdings, Inc.

Heritage Insurance (HRTG) announced underwritten public offering of common stock; underwriters have 30-day option to purchase additional 15% of shares.
Offering proceeds intended for general corporate purposes and to provide capital for anticipated growth and expansion.
Directors Ernie Garateix and Paul Whiting, plus holder Raymond Hyer (13.5% stake), intend to buy up to $1.5M in concurrent private placement at offering price.
JonesTrading is sole book-running manager; Stonybrook Capital and Weild & Co are financial advisors.

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