Hagerty Inc.
07/26/2024 | Press release | Distributed by Public on 07/26/2024 04:19
Material Event Form 8 K
Item 8.01 Other Events.
On July 25, 2024, Hagerty, Inc., a Delaware corporation (the "Company"), settled the exchange (the "Mandatory Exchange") of 1,052,503 warrants that remained outstanding after the completion of its previously announced exchange offer (the "Offer" and, together with the Mandatory Exchange, the "Exchange Offer") through the issuance of 189,438 shares of Class A Common Stock of the Company, par value $0.0001 per share (the "Class A Common Stock").
No Company warrants remain outstanding following the Mandatory Exchange. Accordingly, the Company's public warrants were suspended from trading on the New York Stock Exchange and will be delisted. In the Exchange Offer and associated warrant exercises, the Company issued an aggregate of 3,876,201 shares of Class A Common Stock in exchange for 19,483,539 warrants.