Federated National Holding Co (FNHC.O) Key Developments | Reuters.com
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Federated National Holding Co (FNHC.O)

FNHC.O on Consolidated Issue listed on NASDAQ Global Market

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Latest Key Developments (Source: Significant Developments)

Federated National Holding Co announces closing of offering of common stock
Wednesday, 6 Aug 2014 11:10am EDT 

Federated National Holding Co:Closes its public offering of 2,358,975 shares of its common stock, which includes 307,692 shares sold pursuant to the exercise in full of the 30-day option granted to the underwriters to cover overallotments.It is at a price to the public of $19.50 per share.The offering generates net proceeds to the company of about $43.4 million, after deducting the underwriter's discount but before offering expenses.  Full Article

Federated National Holding Co announces pricing of $40 mln offering of common stock
Friday, 1 Aug 2014 08:30am EDT 

Federated National Holding Co:Priced an underwritten public offering of 2,051,283 shares of its common stock at price to public of $19.50 per share for gross proceeds of $40 mln.Net proceeds from sale of shares, after deducting underwriters' discounts and other estimated offering expenses payable by company, will be about $37.4 mln.Granted underwriters 30-day option to purchase up to an additional 307,692 shares of common stock offered in public offering to cover overallotments.Use net proceeds for general working capital purposes, including as statutory capital in support of Co's growth and to sustain its capital levels after its investment in Monarch, once organized.Closing of offering is subject to market and other conditions.Offering is expected to close on Aug. 6.  Full Article

Federated National Holding Company and C.A. Bancorp Inc. announce joint venture
Monday, 21 Jul 2014 09:00am EDT 

Federated National Holding Co and C.A. Bancorp Inc:To form a new Florida-based property and casualty insurance carrier to be named Monarch National Insurance Company.Transatlantic Reinsurance Company (TransRe) is taking a minority position in the new venture.Headwaters MB is acting as exclusive financial advisor to C.A. Bancorp in the transaction.Dechert LLP and AUM Law are, respectively, serving as U.S. and Canadian legal counsel to C.A. Bancorp, Broad and Cassel is serving as legal counsel to FNHC, and Sidley Austin LLP is serving as legal counsel to TransRe.  Full Article

BRIEF-Federated National Holding says CFO Peter Prygelski III resigned

* Appointed erick a. Fernandez, vice president, corporate accounting and reporting, to serve as company's interim cfo Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)