Skyward Specialty Late Wednesday Priced 3.85M Share Secondary Offering of Its Common Stock @$23/Share
Portfolio Pulse from Charles Gross
Skyward Specialty Insurance Group (NASDAQ: SKWD) has priced its secondary offering of 3.85 million shares at $23 per share. The Westaim Corporation and other selling shareholders granted underwriters a 30-day option to purchase up to an additional 577,500 shares. The offering is expected to close on June 12, 2023.
June 08, 2023 | 9:15 am
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Skyward Specialty's secondary offering of 3.85 million shares at $23 per share may lead to short-term price fluctuations.
The secondary offering of 3.85 million shares at $23 per share may lead to short-term price fluctuations for Skyward Specialty's stock. However, the company will not receive any proceeds from the sale, and the impact on the stock price may be limited.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100