Reported Earlier, Palomar Prices $25M Public Offering Of 1.2M Common Shares At $88/Share

Author: Benzinga Newsdesk | August 09, 2024 02:52am

The Company intends to use the net proceeds that it will receive from the offering for general corporate purposes, including using approximately $25.0 million to finance the contemplated acquisition of First Indemnity of America Insurance Company, a New Jersey domiciled insurance carrier specializing in surety bonds for small to medium sized contractors primarily in the Northeast United States, and to fund future growth.

Posted In: PLMR