Reported Earlier,Hagerty Prices Upsized Secondary Offering Of 9.25M Class A Common Shares At $11.95 Per Share, Grants Underwriters Option For 1,387,500 More Shares
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Why It Matters
Hagerty is selling more shares of the company to raise money, like baking a bigger pie and cutting more slices. When a company sells new shares, existing owners own a smaller piece, so watch whether the company uses that money to grow or improve its business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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