Trean Insurance Group Announces Secondary Offering of Common Stock
May 17 2021 - 4:41PM
Trean Insurance Group, Inc. (Nasdaq:TIG) (“Trean”) today announced
that the selling stockholders named in the preliminary prospectus
are offering to sell 5 million shares of Trean common stock in an
underwritten offering, subject to market and other conditions.
Trean will not receive any proceeds from the offering. In
connection with the offering, the selling stockholders have granted
the underwriters an option to purchase up to an additional 750,000
shares.
J.P. Morgan and Evercore ISI are acting as lead book-running
managers, William Blair is acting as a joint book-running manager
and JMP Securities is acting as a co-manager for the
offering. This offering is being made only by means of
a prospectus. A copy of the final prospectus, when available, may
be obtained from J.P. Morgan Securities LLC, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
or by telephone at 1-866-803-9204 or email at
prospectus-eq_fi@jpmchase.com; or Evercore Group L.L.C., Attention:
Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York,
NY 10055, or by telephone at 1-888-474-0200 or email at
ecm.prospectus@evercore.com.
A registration statement on Form S-1 relating to these
securities has been filed with the Securities and Exchange
Commission but has not yet become effective. These securities may
not be sold nor may offers to buy be accepted prior to the time
that the registration statement becomes effective. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
About Trean Insurance Group, Inc.
Trean Insurance Group, Inc. provides products and services to
the specialty insurance market. Trean underwrites specialty
casualty insurance products both through its program partners and
its own managing general agencies. Trean also provides its program
partners with a variety of services including issuing carrier
services, claims administration and reinsurance brokerage. Trean is
licensed to write business across 49 states and the District of
Columbia.
Contacts
Investor Relations
investor.relations@trean.com
(952) 974-2260
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