Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host its fourth and final U.S.-based auction for 2024 during the Chattanooga Motorcar Festival, featuring approximately 100 collector cars on October 12, 2024 [1][2] - Chattanooga is strategically located within a day's drive of nearly 80% of the continental U.S. population, making it a significant hub for car collectors [2] - The Chattanooga Motorcar Festival supports neuroscience research through the Fifty Plus Foundation, which has been active for nearly 13 years in supporting Alzheimer's and neuroscience research [7] Company Overview - Hagerty is a leading automotive enthusiast brand that provides specialty vehicle insurance, car valuation data, auction services, and automotive entertainment for over 67 million car enthusiasts in the U.S. [3] - Broad Arrow operates as an advisor and market maker for car collectors, emphasizing integrity and innovation in its services [6] - The company is committed to positive change through its Hagerty Impact initiative, which focuses on issues important to its community and stakeholders [3] Event Details - The Chattanooga Motorcar Festival will take place from October 11-13, 2024, and aims to bring together automotive enthusiasts while benefiting a charitable cause [5][8] - The festival is expected to attract significant consignment interest for the auction, highlighting the strong relationships Broad Arrow has with collectors in the region [2][8] - The next auction on Broad Arrow's calendar is the Monterey Jet Center Auction scheduled for August 14-15, 2024, featuring approximately 40 cars [9]

Byron DeFoor, Founder of the Chattanooga Motorcar Festival states, "It gives me great pleasure to welcome my automotive enthusiast friends to our beautiful city each October and this year, we could not be more pleased to welcome Broad Arrow and Hagerty to be an integral part of the event and witness the transformation that our city undergoes in preparation for the festivities. I am equally proud that our event will again benefit the Neuroscience Innovation Foundation (NIF). I am humbled by the opportunity t ...

Hagerty, Inc. (HGTY) shares rallied 6.3% in the last trading session to close at $10.11. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.4% gain over the past four weeks. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements ...

Weekend-long campaign includes exclusive member experiences, discounts and contests TRAVERSE CITY, Mich., June 13, 2024 /PRNewswire/ -- Hagerty, Inc. (NYSE: HGTY), an automotive enthusiast brand and leading specialty vehicle insurance provider, is hosting Hagerty Drivers Club "HDC Days," a celebration of the largest automotive membership in the world and ultimate community for car lovers, from Friday, June 21 through Sunday, June 23. Our over 830,000 members can participate in more than 20 live events acros ...

subject to inherent risks and uncertainties that are difficult to predict and may be outside of our control. Some of the factors that may cause our actual results to differ materially from those contemplated by our forwardlooking statements include: (i) our ability to recognize the anticipated benefits of the subject of this press release; (ii) our ability to compete effectively within our industry and attract and retain members; and (iii) the other risks and uncertainties listed in our Form 10-K filed with ...

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is featuring the 1957 Maserati 200si, chassis number 2415, at the upcoming Monterey Jet Center auction with an estimated value of $3,300,000 - $3,600,000 [6][8] - The Maserati 200si is recognized for its originality and racing pedigree, having been expertly maintained and restored over the past 12 years [2][6] - The auction will take place on June 14 and 15, 2024, with approximately 40 cars being auctioned [8] Company Overview - Hagerty, Inc. is a leading provider of specialty vehicle insurance and automotive services, catering to over 67 million car enthusiasts in the U.S. and operating in Canada and the UK [3][9] - Broad Arrow Auctions serves as an advisor and market maker for car collectors, emphasizing integrity and innovation in its operations [9] Auction Details - The Maserati 200si has a notable racing history, including participation in the last 1957 Mille Miglia and various sports car races in the 1950s and 1960s [7] - The auction will be held during the Hagerty Motorlux event, marking a new format for the Monterey auction [8]

Core Viewpoint - Hagerty, Inc. has initiated an exchange offer and consent solicitation to simplify its capital structure and mitigate the potential dilutive impact of its outstanding warrants [1][2]. Group 1: Exchange Offer Details - The company is offering 0.20 shares of Class A Common Stock for each outstanding warrant tendered, with a total of up to 3,896,707 shares available for exchange [2]. - The exchange offer is set to expire on July 2, 2024, unless extended [4]. Group 2: Consent Solicitation - Concurrently, Hagerty is soliciting consents to amend the warrant agreements, allowing for a potential exchange of 0.18 shares for each warrant if the offer closes [3]. - Approximately 44.3% of Public Warrants, 57.2% of Private Placement Warrants, and 81.5% of PIPE Warrants have agreed to tender their warrants and consent to the amendments [3]. Group 3: Current Capital Structure - As of May 15, 2024, Hagerty has 85,703,286 shares of Class A Common Stock and 19,483,539 outstanding warrants [5]. - If all warrant holders participate in the exchange, the total shares of Class A Common Stock would increase to 89,599,993, representing a 4.5% increase [5].

A record 12,000 automotive enthusiasts & residents celebrated car culture during the three-day motoring event GREENWICH, Conn., June 3, 2024 /PRNewswire/ -- A 1931 Cadillac 452A was chosen as this year's Best of Show at the 28th annual Greenwich Concours d'Elegance and the Barris-Built 1957 Chevrolet 210 'El Capitola' was chosen as Best of Show at Saturday's Concours de Sport. This year's event further established the weekend's focus on celebrating car culture and honoring concours tradition while providing ...

Broad Arrow Auctions is also pleased to announce a date change for this year's Monterey auction as, for the first time, the Hagerty Motorlux event will serve as the backdrop for a selected offering of approximately 50 cars to be auctioned on Wednesday evening, the 14th, with the auction beginning at 6:30 pm. The auction will continue Thursday, the 15th with the sale beginning at 3:00 pm. Please visit the Broad Arrow website for additional information on the upcoming auction and to purchase Motorlux tickets ...

Most recently, Briglia was the President and CEO of Plymouth Rock Assurance's Direct and Partner Group. In this role, he helped the company create the foundational processes to drive transformational improvements in the company's growth and profitability, particularly for their direct-to-consumer business. He also led important strategic and operational changes with key partners. TRAVERSE CITY, Mich., May 31, 2024 /PRNewswire/ -- Hagerty (NYSE: HGTY) announced today that Jeff Briglia has been named Hagerty' ...