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Palomar Holdings, Inc. Launches Primary and Secondary Public Offering
LA JOLLA, Calif., Jan. 07, 2020 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced the underwritten public
About this update from Palomar Holdings, Inc.
[{"type":"text","content":"LA JOLLA, Calif., Jan. 07, 2020 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced the underwritten public offering of 5,000,000 shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), which consists of 750,000 shares of Common Stock offered by the Company and 4,250,000 shares of Common Stock offered by certain selling stockholders, including affiliates of Genstar Capital (the “Genstar Affiliates”). In addition, the Genstar Affiliates intend to grant the underwriters of the offering an option, exercisable within 30 days from the date of the final prospectus relating to the offering, to purchase up to an additional 750,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including to fund future growth. The Company will not receive any proceeds from the sale of the shares by the selling stockholders.\n Barclays Capital Inc., J.P. Morgan and Keefe, Bruyette & Woods, Inc. will act as joint lead book-running managers for the offering. Evercore Group L.L.C., William Blair & Company, L.L.C., Piper Sandler & Co. and SunTrust Robinson Humphrey, Inc. will also act as joint book-running managers for the offering. JMP Securities LLC is acting as co-manager for the offering. The offering is being made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: (888) 603-5847 or email: [email protected], J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204 or by email at [email protected]; or Keefe, Bruyette & Woods, Inc., 787 Seventh Ave., 4th Floor, New York, New York 10019, Attention: Equity Capital Markets, or by calling (800) 966-1559, or by emailing [email protected]. A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior ...