Hagerty, Inc. reported the closing of a secondary offering on September 11, 2026, involving the sale of 10,637,500 shares of Class A common stock by selling stockholder Hagerty Holding Corp. The shares were sold at a public offering price of $11.95 per share, including the full exercise of the underwriters' option to purchase an additional 1,387,500 shares. Wells Fargo Securities and J.P. Morgan acted as representatives for the underwriters. Hagerty did not receive any proceeds from this transaction; instead, the selling stockholder intends to use net proceeds to redeem HHC shares for the benefit of the Kim Hagerty Revocable Trust. Hagerty operates in the automotive enthusiast industry, providing vehicle insurance, auctions, media, and membership services.
