Bowhead Specialty Holdings Inc. announced the pricing of an underwritten secondary public offering of 4,000,000 shares of its common stock at $29.00 per share. The offering is being conducted by certain Selling Stockholders, not by the company itself.
The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of common stock. The company will not receive any proceeds from the sale of these shares.
The offering is expected to close on October 25, 2024, subject to customary closing conditions. J.P. Morgan, Morgan Stanley, and Keefe, Bruyette & Woods are acting as joint lead bookrunning managers for the offering.
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