FedNat falls short of equity issuance target with net $15.2mn
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

FedNat falls short of equity issuance target with net $15.2mn

Kit Heren
12 March 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
FedNat Insurance logo Fort Lauderdale Florida.jpg

FedNat Holding Company has raised net proceeds of $15.2mn from an underwritten public offering of 3.5 million shares, the company said on Friday, around a third of the amount it said it was looking for last week.

The shares were sold at a price of $4.75 per share, a 16.4% discount on the price at the end of Thursday of $5.68.

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsFedNat
KH
Kit Heren
Gift this article