Homeowners Choice, Inc. Announces Pricing Of Follow-on Offering
Homeowners Choice, Inc. announced the pricing of a follow-on public offering of 1,600,000 shares of common stock at a price of $11.75 per share. All shares are being offered by Homeowners Choice. Homeowners Choice intends to use the net proceeds from this offering for working capital and general corporate purposes. Houlihan Lokey Capital, Inc. and Sidoti & Co. LLC are acting as joint book-running managers for the offering. Knight Capital Americas, L.P. is acting as co-manager. The underwriters have an option to purchase up to an additional 240,000 shares of common stock from the Company.
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