Business
Neptune Insurance Holdings Inc. Announces Pricing of Public Offering
ST. PETERSBURG, Fla., May 14, 2026--Neptune Insurance Holdings Inc. (the "Company") (NYSE:NP), the parent company of Neptune Flood Incorporated, today announced the pricing of its public offering for the sale of 9,841,395 shares of its Class A common stock by certain selling securityholders at a public offering price of $27.50 per share.
About this update from Neptune Insurance Holdings Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":5918,"height":2113,"url":"https://media.zenfs.com/en/business-wire.com/405b3156e4d86bf8158b81f8515e8989"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.fAGjHRCRbOvv4bUvSRbmA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM0Mw--/https://media.zenfs.com/en/business-wire.com/405b3156e4d86bf8158b81f8515e8989","width":960,"height":343},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/qGKbdU9Kw_PM6552_9teAA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTIyOQ--/https://media.zenfs.com/en/business-wire.com/405b3156e4d86bf8158b81f8515e8989","width":640,"height":229},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/ofPF5LtP9KTO.PcfSA97Pg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD04NTY-/https://media.zenfs.com/en/business-wire.com/405b3156e4d86bf8158b81f8515e8989","width":1200,"height":428}},"lazy":false},{"type":"text","content":"ST. PETERSBURG, Fla., May 14, 2026--(BUSINESS WIRE)--Neptune Insurance Holdings Inc. (the "Company") (NYSE:NP), the parent company of Neptune Flood Incorporated, today announced the pricing of its public offering for the sale of 9,841,395 shares of its Class A common stock by certain selling securityholders at a public offering price of $27.50 per share.","length":366,"tagName":"p"},{"type":"text","content":"As part of the proposed offering, the Company intends to concurrently purchase from the underwriters 984,140 shares of Class A common stock at a price per share of $26.40, equal to the price per share to be paid by the underwriters to the selling securityholders in the proposed offering. The repurchased shares of Class A common stock will be retired and will no longer be outstanding after the proposed offering. The completion of the share repurchase is contingent on the satisfaction of customary closing conditions and conditioned upon the completion of the proposed offering.","length":581,"tagName":"p"},{"type":"text","content":"The offering is expected to close on May 15, 2026, subject to customary closing conditions.","length":91,"tagName":"p"},{"type":"text","content":"In addition, the selling securityholders have granted the underwriters a 30-day option to purchase up to an additional 1,476,209 shares of Class A common stock at the public offering price, less underwriting discoun...