Palomar Holdings Inc. (PLMR) Prices 5M Share Offering at $49/Sh

Palomar Holdings, Inc. (NASDAQ: PLMR) today announced the pricing of its previously announced underwritten public offering (the “Offering) of 5,000,000 shares of Palomar’s common stock, par value $0.0001 per share (the “Common Stock”), which consists of 750,000 shares of Common Stock offered by the Company and 4,250,000 shares of Common Stock offered by certain selling stockholders, including affiliates of Genstar Capital (the “Genstar Affiliates”), at a public offering price of $49.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to 750,000 additional shares of common stock from the Genstar Affiliates at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including to fund future growth. The Company will not receive any proceeds from the sale of the shares by the selling stockholders.

Barclays Capital Inc., J.P. Morgan and Keefe, Bruyette & Woods, Inc. acted as joint lead book-running managers for the Offering. Evercore Group L.L.C., William Blair & Company, L.L.C., Piper Sandler & Co. and SunTrust Robinson Humphrey, Inc. also acted as joint book-running managers for the Offering. JMP Securities LLC acted as co-manager for the Offering.

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