PRHI · Presurance Holdings, Inc.

Summary

Presurance Holdings, Inc. completed its rights offering on February 27, 2026, issuing 4,284,640 shares for $4.3 million in gross proceeds and 9,715,360 backstop shares for $2.2 million in cash proceeds, and redeemed all 1,500 shares of Series B Preferred Stock from Clarkston Companies, Inc. for an aggregate $7.5 million.

Key takeaways

• Rights Offering closed February 27, 2026 with 4,284,640 common shares issued for $4.3 million gross proceeds
• Backstop Purchasers (Clarkston and assignee) received 9,715,360 common shares for $2.2 million cash
• Company redeemed all 1,500 Series B Preferred shares from Clarkston for $7.5 million aggregate ($5,000 issue price + $101.30/share dividends)
• Filed Certificate of Correction on February 26, 2026 to fix Series B dividend rate and enable optional redemption
• Amended common stock purchase warrant on February 26, 2026 to correct errors and limit distribution rights
• Press release announced $14 million total gross proceeds from Rights Offering and Backstop Commitment