Bowhead Specialty Holdings Inc. announced the launch of a proposed underwritten secondary public offering of 4,000,000 shares of its common stock. The shares are being offered by certain of its existing stockholders, not by the company itself.
In connection with this proposed offering, the Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of the company’s common stock. Bowhead Specialty will not sell any shares in this offering and will not receive any proceeds from the sale.
J.P. Morgan, Morgan Stanley, and Keefe, Bruyette & Woods, A Stifel Company, are acting as joint lead bookrunning managers for the proposed offering. The offering is being made only by means of a prospectus.
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