Heritage Announces Launch of Primary Offering of Shares of Common Stock
TAMPA, Fla., Dec. 14, 2023 /PRNewswire/ — Heritage Insurance Holdings, Inc., (NYSE: HRTG) (“Heritage” or the “Company”), a super-regional property and casualty insurance holding company, today announced that it is commencing an underwritten public offering of its shares of common stock (the “Offering”). Heritage also expects to grant to the underwriters for the Offering, a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the Offering. All of the shares to be sold in the Offering will be sold by Heritage, subject to customary closing conditions. Heritage intends to use the net proceeds from the Offering for general corporate and operations purposes and to provide capital for anticipated growth and expansion efforts.