PR Newswire·Nov 10, 2026, 8:53 PM ET

Hagerty Announces Pricing of its Upsized Secondary Offering of Class A Common Stock

Hagerty Inc. announced an upsized secondary offering of 10,000,000 shares of Class A Common Stock sold by Selling Stockholder Hagerty Holding Corp. at $14.85 per share.
Underwriters were granted a 30-day option to purchase an additional 1,500,000 shares of the stock.
The offering is expected to close around November 12, 2026, subject to customary closing conditions.
Hagerty will not receive any proceeds from the sale; the Selling Stockholder will bear all underwriting discounts & commissions.
Net proceeds from the sale will be used by Hagerty Holding Corp. to redeem shares for the benefit of the Kim Hagerty Revocable Trust.
J.P. Morgan & Wells Fargo Securities are acting as lead bookrunning managers, with BMO Capital Markets, Citizens Capital Markets, Keefe, Bruyette & Woods, A Stifel Company, & Oppenheimer & Co. serving as additional bookrunning managers.
The offering is made via prospectus supplement & base prospectus available on the SEC's EDGAR website or by request from the underwriters.
Forward-looking statements in the release cover potential risks including competition, technology disruptions, insurance underwriting volatility, & regulatory compliance.