Hagerty secondary offering of 9.7M shares at $9.34 priced; company gets no proceeds

Hagerty, Inc.

Selling stockholders HHC and Aldel offer 9.7M shares of Class A common stock at $9.34/share.
Underwriters granted 30-day option to purchase up to an additional 1.455M shares.
Hagerty will not receive any proceeds; HHC to use net proceeds for Kim Hagerty estate redemption.
Offering expected to close on August 11, 2025, subject to customary conditions.
Keefe, Bruyette & Woods and J.P. Morgan are lead bookrunning managers.

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