- FedNat Holding Company (NASDAQ:FNHC) has priced public offering of 3.5M shares at $4.75 per share, for gross proceeds of $16.625M.
- Underwriters' discount and other estimated offering expenses payable by the Company, will be approximately $15.2 million.
- Underwriters' over-allotment is an additional 525K common shares.
- Estimated net proceeds of ~$15.2M will be used for general corporate purposes.
- Offering is expected to close on March 15.
FedNat Holding announces $16.625M equity raise
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Symbol | Last Price | % Chg |
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FNHCQ | - | - |
FedNat Holding Company |