Skyward Specialty Announces Secondary Offering of Its Common Stock
HOUSTON, May 06, 2024 - Skyward Specialty Insurance Group, Inc.(NASDAQ: SKWD) (Skyward Specialty or the Company) announced today that The Westaim Corporation (Westaim) is offering 4,400,000 shares of the Company’s common stock in an underwritten secondary public offering.The Selling Stockholder, a wholly-owned subsidiary of Westaim, will also grant the underwriters a 30-day option to purchase up to an additional 660,000 shares of Skyward Specialty’s common stock.The Selling Stockholder will be a 4.80% and 6.45% shareholder in Skyward Specialty, assuming full and no exercise of the underwriters’ option to purchase the additional shares.
As of the writing of this article, Skyward Specialty Insurance Group Inc’s share price stands at $37.58, marking an increase of 0.83% during the second quarter of 2024.
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