secwatch.observer — SEC 8-K summary
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Issuer:     Hagerty, Inc. (HGTY)
CIK:        0001840776
Form:       8-K
Filed at:   2025-08-11T23:59:59+00:00
Accession:  0001193125-25-177927
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840776/000119312525177927/0001193125-25-177927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840776/000119312525177927/d20206d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-177927

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer