Group 1 - Presurance Holdings, Inc. announced the closing of its rights offering on February 27, 2026, as detailed in a previous report [1] - A total of 4,284,640 shares of common stock were purchased at a subscription price of $1.00 per share during the rights offering [2] - Clarkston Companies, Inc. agreed to purchase all unsubscribed shares at the same price, resulting in a total purchase of 9,715,360 shares to fulfill the backstop commitment [3] Group 2 - The company received gross proceeds of $14,000,000 from the rights offering and backstop commitment, which will be used for redeeming Series B Preferred Stock and general corporate purposes [4] - Subscription rights that were not exercised by the deadline expired and the rights offering is terminated for unissued shares [5] - The rights offering was conducted under a registration statement that was declared effective by the SEC on February 6, 2026 [6] Group 3 - Presurance Holdings, Inc. is a Michigan-based property and casualty holding company that provides specialty insurance coverage [8]
Presurance Holdings Announces Closing of Rights Offering
Globenewswire·2026-02-27 18:20