Porch Group Files 8-K: Material Agreement, Equity Sales

Ticker: PRCH · Form: 8-K · Filed: 2025-05-20T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, equity-sale, regulation-fd

Related Tickers: PRCH

TL;DR

Porch Group (PRCH) filed an 8-K on 5/20 for 5/19 events - material agreement, equity sales, Reg FD.

AI Summary

Porch Group, Inc. filed an 8-K on May 20, 2025, reporting on events that occurred on May 19, 2025. The filing indicates an entry into a material definitive agreement, unregistered sales of equity securities, and a Regulation FD disclosure. It also includes financial statements and exhibits.

Why It Matters

This 8-K filing signals significant corporate activity for Porch Group, Inc., potentially impacting its financial structure and investor relations.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce financial and regulatory risks.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Porch Group, Inc. on May 19, 2025?

The filing indicates an entry into a material definitive agreement, but the specific details of this agreement are not provided in the provided text.

What type of equity securities were sold in the unregistered sales reported in the 8-K?

The filing mentions unregistered sales of equity securities, but the specific type and details of these securities are not detailed in the provided text.

What is the purpose of the Regulation FD Disclosure mentioned in the filing?

Regulation FD (Fair Disclosure) aims to prevent selective disclosure of material nonpublic information, and its inclusion suggests Porch Group is adhering to these disclosure rules.

When did Porch Group, Inc. change its name from PropTech Acquisition Corp?

Porch Group, Inc. changed its name from PropTech Acquisition Corp on August 5, 2019.

What are the principal executive offices of Porch Group, Inc.?

The principal executive offices of Porch Group, Inc. are located at 411 1st Avenue S., Suite 501, Seattle, Washington 98104.

From the Filing

0001193125-25-122557.txt : 20250520 0001193125-25-122557.hdr.sgml : 20250520 20250519173409 ACCESSION NUMBER: 0001193125-25-122557 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 23 CONFORMED PERIOD OF REPORT: 20250519 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250520 DATE AS OF CHANGE: 20250519 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Porch Group, Inc. CENTRAL INDEX KEY: 0001784535 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 842587663 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39142 FILM NUMBER: 25965246 BUSINESS ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: (855) 767-2400 MAIL ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 FORMER COMPANY: FORMER CONFORMED NAME: PropTech Acquisition Corp DATE OF NAME CHANGE: 20190805 8-K 1 d932606d8k.htm 8-K 8-K false 0001784535 0001784535 2025-05-19 2025-05-19     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 Date of Report (date of earliest event reported): May 19, 2025     PORCH GROUP, INC. (Exact name of registrant as specified in its charter)       Delaware   001-39142   83-2587663 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   411 1st Avenue S. , Suite 501   Seattle , Washington   98104 (Address of principal executive offices)   (Zip Code) (855) 767-2400 (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 Symbol(s)   Name of each exchange on which registered Common stock, par value $0.0001 per share   PRCH   The Nasdaq Stock Market LLC 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 1.01 Entry into a Material Definitive Agreement. On May 19, 2025, Porch Group, Inc. (“Porch” or the “Company”) entered into privately negotiated transactions (the “Refinancing Transactions”) with certain institutional investors and holders (collectively, the “Investors”) of the Company’s existing 0.75% convertible senior notes due 2026 (the “2026 Notes”), pursuant to which the Company agreed to repurchase a total of $144.3 million in aggregate principal

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