Skyward Specialty Insurance Group Files 8-K

TL;DR

Skyward Specialty Insurance Group filed an 8-K on May 6, 2024, detailing a material definitive agreement and other events.

AI Summary

Skyward Specialty Insurance Group, Inc. announced on May 6, 2024, the entry into a material definitive agreement. The company also reported other events and filed financial statements and exhibits as part of this 8-K filing.

Why It Matters

This filing indicates significant corporate actions or agreements by Skyward Specialty Insurance Group, which could impact its business operations and financial standing.

Risk Assessment

Risk Level: medium — Material definitive agreements and other events reported in an 8-K can signal significant changes or potential risks for a company.

Key Players & Entities

• Skyward Specialty Insurance Group, Inc. (company) — Registrant
• May 6, 2024 (date) — Earliest event reported

FAQ

Key Financial Figures

• $0.01 — ch registered Common stock, par value $0.01 SKWD The Nasdaq Stock Market LLC It
• $36.50 — ffering at the public offering price of $36.50 per share. The Offering was made pursu

Filing Documents

• tm2413544d2_8k.htm (8-K) — 31KB
• tm2413544d2_ex1-1.htm (EX-1.1) — 290KB
• tm2413544d2_ex5-1.htm (EX-5.1) — 7KB
• tm2413544d2_ex99-1.htm (EX-99.1) — 10KB
• tm2413544d2_ex99-2.htm (EX-99.2) — 11KB
• tm2413544d2_ex99-1img01.jpg (GRAPHIC) — 7KB
• tm2413544d2_ex99-2img001.jpg (GRAPHIC) — 9KB
• 0001104659-24-057990.txt ( ) — 618KB
• skwd-20240506.xsd (EX-101.SCH) — 3KB
• skwd-20240506_lab.xml (EX-101.LAB) — 33KB
• skwd-20240506_pre.xml (EX-101.PRE) — 22KB
• tm2413544d2_8k_htm.xml (XML) — 4KB

01 Entry

Item 1.01 Entry into a Material Definitive Agreement On May 6, 2024, Skyward Specialty Insurance Group, Inc., a Delaware corporation (the "Company") and Westaim HIIG GP Inc. (the "Selling Stockholder") entered in an underwriting agreement (the "Underwriting Agreement") with Barclays Capital Inc., Keefe, Bruyette & Woods, Inc. and Jefferies LLC as representatives of the several underwriters named therein (collectively, the "Underwriters"), pursuant to which the Selling Stockholder agreed to sell up to 5,060,000 shares of the Company's common stock (the "Shares"), which includes 660,000 shares of the Company's common stock that may be sold pursuant to a 30-day option to purchase additional shares granted to the Underwriters (the "Offering"). The Shares were offered and sold in the Offering at the public offering price of $36.50 per share. The Offering was made pursuant to the Company's effective registration statement on Form S-3 (Registration No. 333-279129), which was previously filed with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"). The Offering is expected to close on May 9, 2024, subject to customary closing conditions. In the Underwriting Agreement, the Company made customary representations, warranties and covenants and also agreed to indemnify the Underwriters against certain liabilities, including liabilities under the Securities Act, or to contribute to payments that the Underwriters may be required to make because of such liabilities. Pursuant to the Underwriting Agreement, the Company's executive officers and directors entered into agreements in substantially the form included as an exhibit to the Underwriting Agreement filed hereto, providing for a 90-day "lock-up" period with respect to sales of the Company's common stock, subject to certain exceptions. The foregoing is a summary description of the Underwriting Agreement and is qualified in its entirety by the text of the Underwriting A

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. SKYWARD SPECIALTY INSURANCE GROUP, INC. Dated: May 7, 2024 By: /s/ Mark Haushill Mark Haushill Chief Financial Officer