secwatch.observer — SEC 8-K summary
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Issuer:     Presurance Holdings, Inc. (PRHI)
CIK:        0001502292
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001193125-26-081526
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Presurance Holdings closes $14M rights offering; redeems Series B Preferred Stock
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- Rights offering closed Feb 27, 2026: 4,284,640 shares subscribed at $1.00/share, raising ~$4.3M from rights holders.
- Clarkston backstop purchased 9,715,360 shares for ~$2.2M cash plus offset from Series B Preferred redemption.
- Total gross proceeds $14M; used $7.5M to redeem all outstanding Series B Preferred Stock from Clarkston.
- Certificate of Correction filed to fix Series B dividend rate and allow redemption at any time.
- Warrant amended to correct errors and limit holder rights.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1502292/000119312526081526/0001193125-26-081526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1502292/000119312526081526/prhi-20260227.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-081526

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