American Integrity Announces Full Exercise of Underwriters' Option to Purchase Additional Shares of Common Stock
American Integrity Insurance Group, Inc. ("American Integrity") announced today that in connection with the previously announced initial public offering of 6,875,000 shares of its common stock, which closed on May 9, 2025, the underwriters of its initial public offering exercised in full their option to purchase an additional 1,031,250 shares of common stock from existing stockholders of American Integrity at the initial public offering price of $16.00 per share, less the underwriting discount. With this exercise, 7,906,250 shares of common stock were sold in the initial public offering, of which 6,250,000 were sold by American Integrity and 1,656,250 were sold by existing stockholders. American Integrity will not receive any proceeds from the underwriters' election to exercise their option to purchase the additional shares of common stock.
American Integrity's common stock began trading on the New York Stock Exchange on May 8, 2025 under the symbol "AII."
Keefe, Bruyette & Woods, A Stifel Company, Piper Sandler, and William Blair acted as the active bookrunners for the offering. Citizens Capital Markets and Raymond James acted as passive bookrunners for the offering. Oppenheimer & Co. acted as a co-manager for the offering.
A registration statement relating to the sale of these securities was declared effective by the Securities and Exchange Commission on May 7, 2025. The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: Keefe, Bruyette & Woods, Inc., Attention: Capital Markets, 787 Seventh Avenue, 4th Floor, New York, New York 10019, or by email at [email protected], or by telephone at (800) 966 1559, or Piper Sandler & Co., Attention: Prospectus Department, 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, or by email at [email protected], or by telephone at (800) 747-3924.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About American Integrity Insurance Group
American Integrity Insurance Group is one of Florida's leading providers of residential property insurance, proudly serving more than 385,000 policyholders across Florida, Georgia, and South Carolina. Headquartered in Tampa, Florida, the company continues to set the standard in the industry by empowering homeowners and fostering a culture defined by integrity, resilience, and excellence.
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