secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Insurance Holdings, Inc. (HRTG)
CIK:        0001598665
Form:       8-K
Filed at:   2023-12-19T23:59:59+00:00
Accession:  0001193125-23-298652
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Insurance closes $26.5M public offering and private placement with insiders
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- Closed public offering of 3,703,703 shares at $6.75 per share; underwriter has 30-day option for 555,555 additional shares.
- Private placement of 148,148 shares to holder Raymond T. Hyer at $6.75; directors Garateix and Whiting bought 27,247 and 40,871 shares at $7.34.
- Gross proceeds of ~$26.5M; net proceeds expected ~$24.8M (or ~$28.3M if option fully exercised).
- Proceeds to be used for general corporate purposes and to fund anticipated growth and expansion.
- Public offering registered under effective shelf registration; private placement exempt under Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1598665/000119312523298652/0001193125-23-298652-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1598665/000119312523298652/d655913d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-298652

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