Hagerty, Inc. (NYSE: HGTY) announced on November 10, 2026, that Hagerty Holding Corp. (HHC) intends to offer 9,000,000 shares of the company’s Class A Common Stock in an underwritten secondary public offering.
The Selling Stockholder, HHC, also intends to grant the underwriters a 30-day option to purchase up to an additional 1,350,000 shares of Class A Common Stock.
Hagerty will not receive any proceeds from the sale of these shares. The Selling Stockholder will bear the underwriting discount, while Hagerty will bear the remaining expenses.
HHC has stated that the net proceeds from the sale of its shares will be used to effect a redemption, for the benefit of the Kim Hagerty Revocable Trust, of a corresponding number of its HHC shares.
J.P. Morgan and Wells Fargo Securities are acting as representatives of the underwriters and lead bookrunning managers for the transaction.
Hagerty has filed a registration statement with the Securities and Exchange Commission (SEC) that has been declared effective for this offering.
