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Stock impact report

Westaim Announces Pricing of Skyward Specialty’s Secondary Offering

Skyward Specialty Insurance Group, Inc. (SKWD) 
Company Research Source: Business Wire
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. TORONTO--(BUSINESS WIRE)--The Westaim Corporation (“Westaim” or the “Company”) (TSXV: WED) today announces the pricing of the Skyward Specialty Insurance Group, Inc.™ (NASDAQ: SKWD) (“Skyward Specialty”) secondary public offering (the “Offering”). Under the Offering, Westaim, through its wholly-owned subsidiary, Westaim HIIG GP Inc. (the “Selling Stockholder”), intends to sell 4,400,000 shares of the common stock of Skyward Specialty (the “Shares”), at a price of US$36.50 per Share (the “Offering Price”). The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 660,000 Shares at the Offering Price (the “Option”).Skyward Specialty will not receive any of the proceeds from the sale of the Shares under the Offering, and the Selling Stockholder will bear the Show less Read more
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