Hagerty Prices Upsized Secondary Offering of Common Stock


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Hagerty Announces Pricing of Upsized Secondary Offering
TRAVERSE CITY, Michigan, USA Hagerty, Inc. (NYSE: HGTY) announced the pricing of its upsized secondary offering of Class A Common Stock. The selling stockholder, Hagerty Holding Corp. (HHC), offered 9,250,000 shares at a price to the public of $11.95 per share.
In connection with the offering, the selling stockholder granted underwriters a 30-day option to purchase up to an additional 1,387,500 shares. The offering is expected to close on or about September 11, 2026.
Transaction Details
- Issuer: Hagerty, Inc. (NYSE: HGTY)
- Selling Stockholder: Hagerty Holding Corp. (HHC)
- Offering Size: 9,250,000 shares of Class A Common Stock (upsized)
- Offering Price: $11.95 per share
- Underwriters Option: Up to 1,387,500 additional shares
- Expected Close: September 11, 2026
Hagerty will not receive any proceeds from the share sale. Net proceeds will be used by HHC to effect a redemption of a corresponding number of its shares for the benefit of the Kim Hagerty Revocable Trust. Wells Fargo Securities and J.P. Morgan acted as representatives of the underwriters and lead bookrunning managers.
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