Hagerty prices upsized secondary offering at $11.95 per share

Hagerty, Inc. (NYSE: HGTY) has priced a secondary offering of 9,250,000 shares of its Class A Common Stock at $11.95 per share, according to a press release from the company. The shares are being sold by Hagerty Holding Corp., the selling stockholder, with the offering expected to close on or about September 11, 2026.

Hagerty will not receive any proceeds from the sale. The net proceeds will be used by Hagerty Holding Corp. to redeem a corresponding number of its own shares for the benefit of the Kim Hagerty Revocable Trust.

In connection with the offering, the selling stockholder granted underwriters a 30-day option to purchase up to an additional 1,387,500 shares of Class A Common Stock.

Wells Fargo Securities and J.P. Morgan are acting as lead bookrunning managers. BMO Capital Markets, Citizens Capital Markets, Keefe, Bruyette & Woods, a Stifel company, and Oppenheimer & Co. are serving as additional bookrunning managers.

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