SEC Form 10-Q filed by Vericity Inc.

QUEBEC CITY, June 28, 2024 /CNW/ - iA Financial Corporation Inc. ("iA" or the "Company"), the holding company of iA Financial Group (TSX:IAG), announced today that iA American Holdings, Inc., a subsidiary of the Company, completed its acquisition of Vericity, Inc. ("Vericity") (NASDAQ:VERY). The agreement to acquire Vericity was announced on October 3, 2023. With more than 400 employees, Vericity is comprised of Fidelity Life, an insurance carrier1, and eFinancial, a direct-to-consumer digital agency. Together, the two entities leverage synergies and deliver innovative, proprietary technology powered by artificial intelligence and rich data analytics to serve middle-market life insurance cu

Vericity Stockholders to Receive $11.43 per Share in Cash Vericity, Inc. ("Vericity") (NASDAQ:VERY) announced today that iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (collectively, "iA") (TSE: IAG) has completed its acquisition of Vericity in an all-cash transaction valued at approximately $170 million. Under the terms of the definitive merger agreement that was entered into by the parties on October 3, 2023, iA acquired all of the issued and outstanding common stock of Vericity at a price of $11.43 per share. James Hohmann, Vericity's Chief Executive Officer, said, "This milestone marks the start of a new chapter for Vericity and we are proud to join the i

NEW YORK, June 28, 2024 /PRNewswire/ -- J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today it has completed the sale of Vericity, Inc. ("Vericity" or "the Company") (NASDAQ:VERY), a leader in direct-to-consumer life insurance solutions, to iA American Holdings, Inc., a subsidiary of iA Financial Corporation, Inc. (collectively, "iA") (TSE: IAG), in an all-cash transaction valued at approximately $170 million. Under the terms of the definitive merger agreement that was entered into by the parties on October 3, 2023, iA acquired all of the issued and outstanding common stoc

Vericity (NASDAQ:VERY) reported quarterly losses of $(0.14) per share. This is a 72 percent increase over losses of $(0.50) per share from the same period last year. The company reported $44.55 million in sales this quarter. This is a 6.12 percent increase over sales of $41.98 million the same period last year.

Vericity, Inc. (NASDAQ:VERY) shares popped Tuesday after iA Financial Group announced it will acquire the company. What To Know: iA American Holdings, Inc. will acquire Vericity in an all-cash transaction valued at approximately $170 million which is expected to close in the first half of 2024. At the closing of the merger, each issued and outstanding share of Vericity common stock will be converted into the right to receive $11.43 in cash. James Hohmann, Vericity's CEO, said, "This is an exciting transaction that we believe offers compelling value for all of our stockholders and reflects the strength of our business. We look forward to accelerating our strategic advancement within iA as w

U.S. stocks extended losses toward the end of trading, with the S&P 500 falling around 1.5% on Tuesday. The Dow traded down 1.43% to 32,954.84 while the NASDAQ fell 1.98% to 13,044.24. The S&P 500 also fell, dropping, 1.53% to 4,222.58. Check This Out: Vivani Medical And 3 Other Stocks Under $2 Insiders Are Buying  Leading and Lagging Sectors Utilities shares rose by 0.6% on Tuesday. In trading on Tuesday, consumer discretionary shares dipped by around 2.4%.  Top Headline The number of job openings increased by 690,000 from the prior month to 9.61 million in August, compared to market estimates of 8.8 million.  Equities Trading UP Vericity, Inc. (NASDAQ:VERY) shares shot up 86% to

15-12G - Vericity, Inc. (0001575434) (Filer)

8-K - Vericity, Inc. (0001575434) (Filer)

25-NSE - Vericity, Inc. (0001575434) (Subject)

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4 - Vericity, Inc. (0001575434) (Issuer)