HCI Group Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of TypTap Insurance Group, Inc.
August 05 2021 - 4:15PM
HCI Group, Inc. (NYSE:HCI) today announced that
its subsidiary, TypTap Insurance Group, Inc., has confidentially
submitted a draft registration statement on Form S-1 with the U.S.
Securities and Exchange Commission (the “SEC”) relating to a
proposed initial public offering of TypTap’s common stock. The size
and price range for the proposed offering have not yet been
determined. The initial public offering is expected to commence
after the completion of the SEC review process, subject to market
and other conditions. There is no assurance that the initial public
offering will be completed.
This press release is being made pursuant to, and in accordance
with, Rule 135 under the Securities Act of 1933, as amended (the
“Securities Act”) and does not constitute an offer to sell, or the
solicitation of an offer to buy, any securities. Any offers,
solicitations or offers to buy, or any sales of securities will be
made in accordance with the registration requirements of the
Securities Act.
Company Contact:Rachel Swansiger, Esq.Investor
RelationsHCI Group, Inc. Tel (813) 405-3206
rswansiger@hcigroup.com
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