Trean Insurance Group (TIG) Announces Proposed Secondary Offering

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Go back to Trean Insurance Group (TIG) Announces Proposed Secondary Offering

Trean Insurance Group Announces Secondary Offering of Common Stock

May 17, 2021 4:41 PM EDT

WAYZATA, Minn., May 17, 2021 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (Nasdaq: TIG) (Trean) today announced that the selling stockholders named in the preliminary prospectus are offering to sell 5 million shares of Trean common stock in an underwritten offering, subject to market and other conditions. Trean will not receive any proceeds from the offering. In connection with the offering, the selling stockholders have granted the underwriters an option to purchase up to an additional 750,000 shares.

J.P. Morgan and Evercore ISI are acting as lead... More