Hagerty, Inc. Files 8-K

TL;DR

Hagerty filed a routine 8-K, no major news.

AI Summary

Hagerty, Inc. filed an 8-K on June 3, 2024, reporting "Other Events" and "Financial Statements and Exhibits." The filing does not contain specific financial details or significant business updates beyond its routine reporting nature.

Why It Matters

This filing indicates Hagerty, Inc. is meeting its regulatory reporting obligations with the SEC, which is standard for publicly traded companies.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report and does not contain any new material information that would impact risk.

Key Numbers

• 001-40244 — SEC File Number (Identifies Hagerty, Inc.'s filing with the SEC.)

Key Players & Entities

• Hagerty, Inc. (company) — Registrant
• Aldel Financial Inc. (company) — Former company name
• 0001840776 (company) — Central Index Key

FAQ

Key Financial Figures

• $0.0001 — stered Class A common stock, par value $0.0001 per share HGTY The New York Stock Excha
• $11.50 — mon stock, each at an exercise price of $11.50 per share HGTY.WS The New York Stock Ex

Filing Documents

• hgty-20240603.htm (8-K) — 39KB
• exhibit991-8xk.htm (EX-99.1) — 21KB
• 0001628280-24-026320.txt ( ) — 241KB
• hgty-20240603.xsd (EX-101.SCH) — 3KB
• hgty-20240603_def.xml (EX-101.DEF) — 17KB
• hgty-20240603_lab.xml (EX-101.LAB) — 30KB
• hgty-20240603_pre.xml (EX-101.PRE) — 17KB
• hgty-20240603_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. On June 3, 2024, Hagerty, Inc., a Delaware corporation (the " Company "), announced the commencement of an exchange offer (the " Offer ") and consent solicitation (the " Consent Solicitation ") relating to its (i) public warrants (the " Public Warrants "), (ii) private placement warrants (the " Private Warrants "), (iii) underwriter warrants (the " Underwriter Warrants "), (iv) OTM warrants (the " OTM Warrants " and collectively with the Private Warrants and the Underwriter Warrants, the " Private Placement Warrants ") and (v) PIPE warrants (the " PIPE Warrants " and, together with the Public Warrants and the Private Placement Warrants, the " Warrants ") to purchase shares of Class A Common Stock of the Company, par value $0.0001 per share (the " Class A Common Stock "). The Company is offering to all holders of the Warrants the opportunity to receive 0.20 shares of Class A Common Stock (the " Shares ") in exchange for each outstanding Warrant tendered by the holder and exchanged pursuant to the Offer. Concurrently with the Offer, the Company is also soliciting consents from holders of the Warrants to amend that certain warrant agreement governing the Public Warrants and the Private Placement Warrants dated as of April 8, 2021, by and between the Company (as successor to Aldel Financial Inc. (" Aldel ")) and Continental Stock Transfer & Trust Company (" CST "), as warrant agent (the " IPO Warrant Agreement ") and that certain warrant agreement governing the PIPE Warrants dated as of December 2, 2021, by and between the Company (as successor to Aldel) and CST (the " Business Combination Warrant Agreement ") to permit the Company to require that each Warrant that is outstanding upon the closing of the Offer be exchanged for 0.18 Shares of Class A Common Stock, which is a ratio 10% less than the exchange ratio applicable to the Offer. Pursuant to the terms of the IPO Warrant Agreement, all amendments except certain specified modifications or a

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release, dated June 3, 2024 104 Cover Page Interactive Data File (formatted as Inline XBRL)

SIGNATURES

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: June 3, 2024 Diana M. Chafey Chief Legal Officer and Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR