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STOCK TITAN

[8-K] Hagerty, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Form 8-K â€� Item 7.01 (Reg FD)

On 06 Aug 2025 Hagerty, Inc. (NYSE: HGTY) disclosed that existing shareholders Aldel LLC and Hagerty Holding Corp. have commenced a secondary public offering of Hagerty’s Class A common stock. The company will not issue new shares and therefore will not receive any proceeds or create dilution for current holders. The related press release is furnished as Exhibit 99.1; Exhibit 104 is the Inline XBRL cover page.

The filing is limited to disclosure of the offering; it contains no financial results, guidance, or operational updates and expressly states it does not constitute an offer to sell or solicit purchases. Apart from a potential increase in public float and possible near-term share-price pressure from additional supply, no other material events were reported.

Modulo 8-K � Punto 7.01 (Reg FD)

Il 06 agosto 2025 Hagerty, Inc. (NYSE: HGTY) ha comunicato che gli azionisti esistenti Aldel LLC e Hagerty Holding Corp. hanno avviato un'offerta pubblica secondaria delle azioni ordinarie di Classe A di Hagerty. La società non emetterà nuove azioni e, di conseguenza, non riceverà proventi né causerà diluizione per gli azionisti attuali. Il comunicato stampa correlato è fornito come Allegato 99.1; l'Allegato 104 è la pagina di copertina Inline XBRL.

La comunicazione si limita alla divulgazione dell'offerta; non contiene risultati finanziari, previsioni o aggiornamenti operativi e dichiara espressamente che non costituisce un'offerta di vendita né una sollecitazione all'acquisto. Ad eccezione di un possibile aumento del flottante pubblico e di una possibile pressione sul prezzo delle azioni nel breve termine dovuta all'offerta aggiuntiva, non sono stati riportati altri eventi rilevanti.

Formulario 8-K � Punto 7.01 (Reg FD)

El 06 de agosto de 2025, Hagerty, Inc. (NYSE: HGTY) informó que los accionistas existentes Aldel LLC y Hagerty Holding Corp. han iniciado una oferta pública secundaria de las acciones ordinarias Clase A de Hagerty. La compañía no emitirá nuevas acciones y, por lo tanto, no recibirá ingresos ni generará dilución para los accionistas actuales. El comunicado de prensa relacionado se presenta como Anexo 99.1; el Anexo 104 es la portada Inline XBRL.

La presentación se limita a la divulgación de la oferta; no contiene resultados financieros, proyecciones ni actualizaciones operativas y declara expresamente que no constituye una oferta de venta ni una solicitud de compra. Aparte de un posible aumento del flotante público y una posible presión a corto plazo en el precio de las acciones debido a la oferta adicional, no se reportaron otros eventos materiales.

ì–‘ì‹ 8-K â€� 항목 7.01 (Reg FD)

2025ë…� 8ì›� 6ì�, Hagerty, Inc. (NYSE: HGTY)ì€ ê¸°ì¡´ 주주ì� Aldel LLC와 Hagerty Holding Corp.ê°€ Hagertyì� í´ëž˜ìŠ� A ë³´í†µì£¼ì— ëŒ€í•� 2ì°� 공개 매ê°ì� 시작했다ê³� 공시했습니다. 회사ëŠ� 신주ë¥� 발행하지 않으ë©�, ë”°ë¼ì„� 수ìµì� 얻지 않으ë©� 기존 주주ì—� 대í•� í¬ì„ë� ë°œìƒí•˜ì§€ 않습니다. ê´€ë � ë³´ë„ìžë£ŒëŠ� ë¶€ì†ì„œ 99.1ë¡� 제공ë˜ì—ˆìœ¼ë©°, ë¶€ì†ì„œ 104ëŠ� Inline XBRL 표지 페ì´ì§€ìž…니ë‹�.

ì´ë²ˆ 공시ëŠ� ë§¤ê° ê³µê°œì—� 한정ë˜ë©°, 재무 실ì , ì „ë§ ë˜ëŠ” ìš´ì˜ ì—…ë°ì´íЏë¥� í¬í•¨í•˜ì§€ 않고, ë§¤ë„ ì œì•ˆì´ë‚˜ 매수 권유가 아님ì� 명확íž� ë°íž™ë‹ˆë‹¤. 공공 유통 ì£¼ì‹ ìˆ� ì¦ê°€ì™€ 추가 공급으로 ì¸í•œ 단기 주가 ì••ë°• 가능성ì� 제외하고ëŠ� 다른 중대í•� ì‚¬ê±´ì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�.

Formulaire 8-K � Point 7.01 (Reg FD)

Le 6 août 2025, Hagerty, Inc. (NYSE : HGTY) a annoncé que les actionnaires existants Aldel LLC et Hagerty Holding Corp. ont lancé une offre publique secondaire des actions ordinaires de Classe A de Hagerty. La société n’émettra pas de nouvelles actions et ne recevra donc aucun produit ni ne diluera les actionnaires actuels. Le communiqué de presse associé est fourni en Annexe 99.1 ; l’Annexe 104 correspond à la page de couverture Inline XBRL.

Le dépôt se limite à la divulgation de l’offre ; il ne contient aucun résultat financier, prévision ou mise à jour opérationnelle et précise expressément qu’il ne constitue pas une offre de vente ni une sollicitation d’achat. Hormis une possible augmentation du flottant public et une pression potentielle à court terme sur le cours due à l’offre supplémentaire, aucun autre événement significatif n’a été rapporté.

Formular 8-K � Punkt 7.01 (Reg FD)

Am 06. August 2025 gab Hagerty, Inc. (NYSE: HGTY) bekannt, dass die bestehenden Aktionäre Aldel LLC und Hagerty Holding Corp. ein sekundäres öffentliches Angebot der Class A Stammaktien von Hagerty eingeleitet haben. Das Unternehmen wird keine neuen Aktien ausgeben und erhält daher keine Erlöse, wodurch keine Verwässerung für die aktuellen Anteilseigner entsteht. Die zugehörige Pressemitteilung ist als Anlage 99.1 beigefügt; Anlage 104 ist die Inline-XBRL-Titelseite.

Die Einreichung beschränkt sich auf die Offenlegung des Angebots; sie enthält keine Finanzergebnisse, Prognosen oder operative Updates und stellt ausdrücklich klar, dass sie kein Verkaufsangebot oder Kaufaufruf ist. Abgesehen von einer möglichen Erhöhung des Streubesitzes und einem möglichen kurzfristigen Kursdruck durch das zusätzliche Angebot wurden keine weiteren wesentlichen Ereignisse gemeldet.

Positive
  • No earnings dilution: the company issues no new shares and receives no proceeds.
  • Increased float could improve liquidity for HGTY shares.
Negative
  • Share overhang from insider-led secondary may pressure price until absorbed.
  • Perception of insider exit could signal reduced confidence if stake reduction is large.

Insights

TL;DR: Insider-led secondary adds supply with no dilution; neutral-to-slightly negative sentiment pending pricing and size details.

The 8-K confirms that the shares come solely from Aldel LLC and Hagerty Holding Corp., meaning cash proceeds bypass the company. While the absence of dilution preserves per-share metrics, the transaction increases the public float and can pressure the stock until demand absorbs the block. Lack of pricing, share count, or lock-up information limits impact assessment. Because no operational data changed, the fundamental outlook is untouched, but investor perception could skew cautious until the deal is completed.

TL;DR: Significant insider monetization may raise questions on long-term commitment; governance risk is modest without further context.

Secondary offerings by early holders are normal post-SPAC, yet timing and size matter for governance optics. Management has not detailed whether directors or executives are among the sellers, but Aldel LLC was the SPAC sponsor, so divestment is expected. The filing’s ‘furnished, not filed� stance minimizes liability, suggesting routine disclosure rather than a material company event. Still, concentrated insider selling can be interpreted as reduced confidence, warranting monitoring of future insider transactions.

Modulo 8-K � Punto 7.01 (Reg FD)

Il 06 agosto 2025 Hagerty, Inc. (NYSE: HGTY) ha comunicato che gli azionisti esistenti Aldel LLC e Hagerty Holding Corp. hanno avviato un'offerta pubblica secondaria delle azioni ordinarie di Classe A di Hagerty. La società non emetterà nuove azioni e, di conseguenza, non riceverà proventi né causerà diluizione per gli azionisti attuali. Il comunicato stampa correlato è fornito come Allegato 99.1; l'Allegato 104 è la pagina di copertina Inline XBRL.

La comunicazione si limita alla divulgazione dell'offerta; non contiene risultati finanziari, previsioni o aggiornamenti operativi e dichiara espressamente che non costituisce un'offerta di vendita né una sollecitazione all'acquisto. Ad eccezione di un possibile aumento del flottante pubblico e di una possibile pressione sul prezzo delle azioni nel breve termine dovuta all'offerta aggiuntiva, non sono stati riportati altri eventi rilevanti.

Formulario 8-K � Punto 7.01 (Reg FD)

El 06 de agosto de 2025, Hagerty, Inc. (NYSE: HGTY) informó que los accionistas existentes Aldel LLC y Hagerty Holding Corp. han iniciado una oferta pública secundaria de las acciones ordinarias Clase A de Hagerty. La compañía no emitirá nuevas acciones y, por lo tanto, no recibirá ingresos ni generará dilución para los accionistas actuales. El comunicado de prensa relacionado se presenta como Anexo 99.1; el Anexo 104 es la portada Inline XBRL.

La presentación se limita a la divulgación de la oferta; no contiene resultados financieros, proyecciones ni actualizaciones operativas y declara expresamente que no constituye una oferta de venta ni una solicitud de compra. Aparte de un posible aumento del flotante público y una posible presión a corto plazo en el precio de las acciones debido a la oferta adicional, no se reportaron otros eventos materiales.

ì–‘ì‹ 8-K â€� 항목 7.01 (Reg FD)

2025ë…� 8ì›� 6ì�, Hagerty, Inc. (NYSE: HGTY)ì€ ê¸°ì¡´ 주주ì� Aldel LLC와 Hagerty Holding Corp.ê°€ Hagertyì� í´ëž˜ìŠ� A ë³´í†µì£¼ì— ëŒ€í•� 2ì°� 공개 매ê°ì� 시작했다ê³� 공시했습니다. 회사ëŠ� 신주ë¥� 발행하지 않으ë©�, ë”°ë¼ì„� 수ìµì� 얻지 않으ë©� 기존 주주ì—� 대í•� í¬ì„ë� ë°œìƒí•˜ì§€ 않습니다. ê´€ë � ë³´ë„ìžë£ŒëŠ� ë¶€ì†ì„œ 99.1ë¡� 제공ë˜ì—ˆìœ¼ë©°, ë¶€ì†ì„œ 104ëŠ� Inline XBRL 표지 페ì´ì§€ìž…니ë‹�.

ì´ë²ˆ 공시ëŠ� ë§¤ê° ê³µê°œì—� 한정ë˜ë©°, 재무 실ì , ì „ë§ ë˜ëŠ” ìš´ì˜ ì—…ë°ì´íЏë¥� í¬í•¨í•˜ì§€ 않고, ë§¤ë„ ì œì•ˆì´ë‚˜ 매수 권유가 아님ì� 명확íž� ë°íž™ë‹ˆë‹¤. 공공 유통 ì£¼ì‹ ìˆ� ì¦ê°€ì™€ 추가 공급으로 ì¸í•œ 단기 주가 ì••ë°• 가능성ì� 제외하고ëŠ� 다른 중대í•� ì‚¬ê±´ì€ ë³´ê³ ë˜ì§€ 않았습니ë‹�.

Formulaire 8-K � Point 7.01 (Reg FD)

Le 6 août 2025, Hagerty, Inc. (NYSE : HGTY) a annoncé que les actionnaires existants Aldel LLC et Hagerty Holding Corp. ont lancé une offre publique secondaire des actions ordinaires de Classe A de Hagerty. La société n’émettra pas de nouvelles actions et ne recevra donc aucun produit ni ne diluera les actionnaires actuels. Le communiqué de presse associé est fourni en Annexe 99.1 ; l’Annexe 104 correspond à la page de couverture Inline XBRL.

Le dépôt se limite à la divulgation de l’offre ; il ne contient aucun résultat financier, prévision ou mise à jour opérationnelle et précise expressément qu’il ne constitue pas une offre de vente ni une sollicitation d’achat. Hormis une possible augmentation du flottant public et une pression potentielle à court terme sur le cours due à l’offre supplémentaire, aucun autre événement significatif n’a été rapporté.

Formular 8-K � Punkt 7.01 (Reg FD)

Am 06. August 2025 gab Hagerty, Inc. (NYSE: HGTY) bekannt, dass die bestehenden Aktionäre Aldel LLC und Hagerty Holding Corp. ein sekundäres öffentliches Angebot der Class A Stammaktien von Hagerty eingeleitet haben. Das Unternehmen wird keine neuen Aktien ausgeben und erhält daher keine Erlöse, wodurch keine Verwässerung für die aktuellen Anteilseigner entsteht. Die zugehörige Pressemitteilung ist als Anlage 99.1 beigefügt; Anlage 104 ist die Inline-XBRL-Titelseite.

Die Einreichung beschränkt sich auf die Offenlegung des Angebots; sie enthält keine Finanzergebnisse, Prognosen oder operative Updates und stellt ausdrücklich klar, dass sie kein Verkaufsangebot oder Kaufaufruf ist. Abgesehen von einer möglichen Erhöhung des Streubesitzes und einem möglichen kurzfristigen Kursdruck durch das zusätzliche Angebot wurden keine weiteren wesentlichen Ereignisse gemeldet.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

August 6, 2025

Date of Report (date of earliest event reported)

 

 

HAGERTY, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware   001-40244   86-1213144
(State or other jurisdiction
of incorporation or organization)
 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

121 Drivers Edge

Traverse City, Michigan 49684

(Address of principal executive offices and zip code)

(800) 922-4050

Registrant’s telephone number, including area code

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbols

 

Name of each exchange
on which registered

Class A common stock, par value $0.0001 per share   HGTY   The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 
 


ITEM 7.01

Regulation FD Disclosure.

On August 6, 2025, Hagerty, Inc. (the “Company”) issued a press release announcing the commencement of a secondary public offering (the “Offering”) of shares of its Class A Common Stock, offered by Aldel LLC and Hagerty Holding Corp. A copy of the Company’s press release announcing the Offering is attached as Exhibit 99.1 to this Current Report on Form 8-K.

This Current Report on Form 8-K does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act.

The information furnished with this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date of this Current Report, regardless of any general incorporation language in the filing.

 

ITEM 9.01

Financial Statements and Exhibits

(d) Exhibits

 

Exhibit
No.

  

Description

99.1    Press Release
104    Cover Page Interactive Data File (formatted as Inline XBRL)


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

      HAGERTY, INC.
     

/s/ Diana M. Chafey

Date: August 6, 2025       Diana M. Chafey
      Chief Legal Officer and Corporate Secretary

FAQ

What did Hagerty (HGTY) disclose in its 8-K dated August 6, 2025?

Hagerty announced a secondary public offering of Class A shares by Aldel LLC and Hagerty Holding Corp., with no new shares issued by the company.

Will the secondary offering dilute existing HGTY shareholders?

No. The shares come from existing holders, so Hagerty’s total share count remains unchanged.

Does Hagerty receive any proceeds from this offering?

No. All proceeds go to Aldel LLC and Hagerty Holding Corp., the selling shareholders.

Are financial results or guidance included in this 8-K filing?

No financial metrics, forecasts, or operational updates are provided in the filing.

Where can investors find the official press release about the HGTY offering?

The press release is attached as Exhibit 99.1 to the Form 8-K.
HAGERTY INC

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