Hci group announces pricing of underwritten public offering of common stock

Tampa, fla., dec. 06, 2023 (globe newswire) -- hci group, inc. (nyse: hci), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, announced today the pricing of its underwritten public offering of 1,000,000 shares of its common stock at a public offering price of $78 per share, for total gross proceeds of approximately $78 million, before deducting underwriting discounts and commissions and other offering expenses payable by hci group. all of the shares in the offering are being sold by hci group. in addition, hci group has granted the underwriters a 30-day option to purchase up to 150,000 additional shares of its common stock at the public offering price, less the underwriting discounts and commissions. the offering is expected to close on december 11, 2023, subject to the satisfaction of customary closing conditions.
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