05/07/2024 | Press release | Distributed by Public on 05/07/2024 14:08
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Per Share
|
| |
Total
|
| ||||||
Public offering price
|
| | | $ | 36.50 | | | | | $ | 160,600,000 | | |
Underwriting discount(1)
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| | | $ | 1.46 | | | | | $ | 6,424,000 | | |
Proceeds, before expenses, to the selling stockholder
|
| | | $ | 35.04 | | | | | $ | 154,176,000 | | |
| Barclays | | |
Keefe, Bruyette & Woods
A Stifel Company |
| |
Jefferies
|
|
| Citizens JMP | | |
Piper Sandler
|
| |
Raymond James
|
| |
Truist Securities
|
| |
William Blair
|
|
|
TD Securities
|
| |
Wolfe | Nomura Alliance
|
|
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Page
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Prospectus Supplement
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-1 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-3 | | |
PROSPECTUS SUPPLEMENT SUMMARY
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| | | | S-5 | | |
RISK FACTORS
|
| | | | S-9 | | |
USE OF PROCEEDS
|
| | | | S-15 | | |
DIVIDEND POLICY
|
| | | | S-16 | | |
SELLING STOCKHOLDER
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| | | | S-17 | | |
MATERIAL U.S. FEDERAL INCOME TAX CONSEQUENCES TO NON-U.S. HOLDERS
|
| | | | S-18 | | |
UNDERWRITING
|
| | | | S-22 | | |
LEGAL MATTERS
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| | | | S-32 | | |
EXPERTS
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| | | | S-32 | | |
WHERE YOU CAN FIND ADDITIONAL INFORMATION
|
| | | | S-32 | | |
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | S-33 | | |
|
Prospectus
|
| | | | | | |
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
|
SKYWARD SPECIALTY INSURANCE GROUP, INC.
|
| | | | 5 | | |
|
RISK FACTORS
|
| | | | 6 | | |
|
USE OF PROCEEDS
|
| | | | 7 | | |
|
THE SECURITIES THAT WE MAY OFFER
|
| | | | 8 | | |
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DESCRIPTION OF SECURITIES
|
| | | | 9 | | |
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DESCRIPTION OF DEBT SECURITIES
|
| | | | 14 | | |
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DESCRIPTION OF WARRANTS
|
| | | | 22 | | |
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DESCRIPTION OF UNITS
|
| | | | 23 | | |
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DESCRIPTION OF RIGHTS
|
| | | | 24 | | |
|
SELLING STOCKHOLDERS
|
| | | | 26 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 27 | | |
|
LEGAL MATTERS
|
| | | | 29 | | |
|
EXPERTS
|
| | | | 29 | | |
|
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 29 | | |
|
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 29 | | |
| | |
Shares Beneficially
Owned Prior |
| |
Shares Offered Hereby
No Exercise Full Exercise |
| |
Shares Beneficially Owned After this Offering
Assuming No Exercise Assuming Full Exercise |
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Name of Beneficial Owner |
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Number
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Percent
|
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Number
|
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Number
|
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Number
|
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Percent
|
| |
Number
|
| |
Percent
|
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Westaim HIIG GP Inc.(1)
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| | | | 6,979,639 | | | | | | 17.45% | | | | | | 4,400,000 | | | | | | 5,060,000 | | | | | | 2,579,639 | | | | | | 6.45% | | | | | | 1,919,639 | | | | | | 4.80% | | |
Underwriters
|
| |
Number of
Shares |
| |||
Barclays Capital Inc.
|
| | | | 1,012,000 | | |
Keefe, Bruyette & Woods, Inc.
|
| | | | 880,000 | | |
Jefferies LLC
|
| | | | 748,000 | | |
William Blair & Company, L.L.C.
|
| | | | 374,000 | | |
Citizens JMP Securities, LLC
|
| | | | 286,000 | | |
Piper Sandler & Co.
|
| | | | 286,000 | | |
Raymond James & Associates, Inc.
|
| | | | 286,000 | | |
Truist Securities, Inc.
|
| | | | 286,000 | | |
TD Securities (USA) LLC
|
| | | | 176,000 | | |
Nomura Securities International, Inc.
|
| | | | 62,700 | | |
WR Securities, LLC
|
| | | | 3,300 | | |
Total | | | | | 4,400,000 | | |
Paid by the Selling Stockholder
|
| |
No
Exercise |
| |
Full
Exercise |
| ||||||
Per Share
|
| | | $ | 1.46 | | | | | $ | 1.46 | | |
Total | | | | $ | 6,424,000 | | | | | $ | 7,387,600 | | |
| | |
Page
|
| |||
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
SKYWARD SPECIALTY INSURANCE GROUP, INC.
|
| | | | 5 | | |
RISK FACTORS
|
| | | | 6 | | |
USE OF PROCEEDS
|
| | | | 7 | | |
THE SECURITIES THAT WE MAY OFFER
|
| | | | 8 | | |
DESCRIPTION OF SECURITIES
|
| | | | 9 | | |
DESCRIPTION OF DEBT SECURITIES
|
| | | | 14 | | |
DESCRIPTION OF WARRANTS
|
| | | | 22 | | |
DESCRIPTION OF UNITS
|
| | | | 23 | | |
DESCRIPTION OF RIGHTS
|
| | | | 24 | | |
SELLING STOCKHOLDERS
|
| | | | 26 | | |
PLAN OF DISTRIBUTION
|
| | | | 27 | | |
LEGAL MATTERS
|
| | | | 29 | | |
EXPERTS
|
| | | | 29 | | |
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 29 | | |
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 29 | | |
| Barclays | | |
Keefe, Bruyette & Woods
A Stifel Company |
| |
Jefferies
|
|
| Citizens JMP | | |
Piper Sandler
|
| |
Raymond James
|
| |
Truist Securities
|
| |
William Blair
|
|
|
TD Securities
|
| |
Wolfe | Nomura Alliance
|
|