---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-014562"
form_type: "8-K"
ticker: "KFS"
cik: "0001072627"
company_name: "KINGSWAY FINANCIAL SERVICES INC"
filed_at: "2025-02-18T23:59:59+00:00"
generated_at: "2026-05-26T13:46:23.005649+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kingsway Financial Services Raises $4.4 Million Through Private Placement of Class C Preferred Stock

## Summary
- Issued 176,756 shares of Class C Preferred Stock at $25 per share for initial proceeds of $4,418,900.
- Class C Preferred Stock carries an 8% cumulative dividend rate, increasing to 18% if unpaid for two consecutive quarters.
- Holders can convert each share into 2.63158 shares of common stock, with mandatory redemption on February 12, 2032.
- Company may sell additional shares up to $6 million total in the Offering.
- The preferred stock ranks pari passu with Class B Preferred Stock and senior to common stock.

## SEC filing metadata
- accession: 0001213900-25-014562
- form_type: 8-K
- ticker: KFS
- cik: 0001072627
- company_name: KINGSWAY FINANCIAL SERVICES INC
- filed_at: 2025-02-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1072627/000121390025014562/0001213900-25-014562-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1072627/000121390025014562/ea0231313-8k_kingsway.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-014562
- JSON: https://secwatch.observer/filing/0001213900-25-014562.json
- Plain text: https://secwatch.observer/filing/0001213900-25-014562.txt

## Key facts
- Governance Changes
  KINGSWAY FINANCIAL SERVICES INC: Filing of Class C Certificate of Designations creating Class C Preferred Stock (effective 2025-02-13).
  - Change: charter amendment
  - Effective: 2025-02-13
  source text: On February 13, 2025, the Company filed the Class C Certificate of Designations with the Secretary of State of the State of Delaware.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1072627/000121390025014562/0001213900-25-014562-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.