Orion180 Insurance Group Inc. has completed its initial public offering (IPO) of Class A common stock. The company sold 20,000,000 shares to the public at a price of $12.00 per share. The gross proceeds to the company from the transaction were $240.0 million, calculated before deducting underwriting discounts and commissions.
The offering closed on September 21, 2026. The registrant’s common stock is listed on The Nasdaq Stock Market LLC under the ticker symbol OIG.
In connection with the IPO, the company filed an Amended and Restated Certificate of Formation and Amended and Restated Bylaws with the Secretary of State of Texas. These documents became effective upon the closing of the offering. The new charter authorizes the company to issue 400,000,000 shares of Class A common stock and 100,000,000 shares of Class B common stock, each with a par value of $0.001. The charter also authorizes the issuance of 50,000,000 shares of undesignated preferred stock, also with a par value of $0.001.
Effective September 17, 2026, the board of directors was expanded to include Kevin Bollinger, Samir Deshpande, Robert V. Deutsch, Lawrence E. McAlee, and Kernan "Kip" Oberting. Mr. Bollinger, Mr. McAlee, and Mr. Oberting were appointed to the Audit Committee. Mr. Deutsch, Mr. Deshpande, and Mr. Oberting were appointed to the Compensation Committee. Mr. McAlee, Mr. Bollinger, Mr. Deutsch, and Mr. Deshpande were appointed to the Nominating and Corporate Governance Committee.
Additionally, the company entered into several agreements related to the IPO. These include a Registration Rights Agreement dated September 17, 2026, with Kenneth Gregg; an Exchange Agreement dated September 21, 2026, with Kenneth Gregg; and Indemnification Agreements dated September 17, 2026, with each of the company’s directors and executive officers.
