Doma to be acquired for $6.29 per share in cash; expects closing in H2 2024

Doma Holdings, Inc.

Acquisition by RE Closing Buyer Corp. (affiliate of Closing Parent Holdco) at $6.29 cash per share.
Transaction expected to close in second half 2024; subject to stockholder and regulatory approvals.
Lennar stockholders (~25% voting power) agreed to vote in favor of merger via Voting and Support Agreement.
HSCM debt amended: interest capitalized at 16.25% through Sep 2025, minimum revenue covenant cut to $50M.
Topco committed $35M senior secured delayed draw term loan to States Title; Lennar to invest $17M in Topco.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Doma Holdings, Inc. entered into Agreement and Plan of Merger with RE Closing Buyer Corp. and RE Closing Merger Sub Inc. (effective 2024-03-28).

Action: entry
Agreement: merger
Counterparty: RE Closing Buyer Corp. and RE Closing Merger Sub Inc.
Effective: 2024-03-28

Exact text from the filing

On March 28, 2024, Doma Holdings, Inc. (the “ Company ” or “ Doma ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), with RE Closing Buyer Corp., a Delaware corporation (“ Parent ”), and RE Closing Merger Sub Inc., a Delaware corporation and wholly owned subsidiary of Parent (the “ Merger Sub ”).

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Source: SEC EDGAR

accession 0001437749-24-009917

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