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Presurance Holdings Rights Offering Begins
Globenewswire· 2026-02-06 22:07
Core Viewpoint - Presurance Holdings, Inc. has initiated a rights offering allowing eligible shareholders to purchase additional shares at a set price before the expiration date of February 24, 2026 [1][2]. Group 1: Rights Offering Details - Shareholders of record as of February 6, 2026, will receive one non-transferable Subscription Right for each share owned, enabling them to purchase 1.145 shares of common stock at a subscription price of $1.00 per share [2]. - The rights offering is governed by an effective registration statement on Form S-1 and a prospectus detailing the terms, which is available through the SEC [7]. Group 2: Participation Instructions - Shareholders must complete and execute the rights certificate and submit it along with payment to the Subscription Agent before the expiration time of 5:00 p.m. New York City time on February 24, 2026 [3]. - Beneficial owners of shares registered in the name of a broker or custodian should instruct their institution to exercise the subscription rights on their behalf [4]. Group 3: Payment and Refunds - Any payments received that are not applied to the exercise of subscription rights will be refunded to the shareholder without interest or penalty [5]. Group 4: Company Overview - Presurance Holdings, Inc. is a Michigan-based property and casualty holding company that provides specialty insurance coverage aimed at protecting individuals, businesses, and communities, focusing on disciplined growth and long-term value creation [8].