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Kingstone Companies Inc Files Registration Statement for Proposed Public Offering


Tuesday, 15 Oct 2013 05:00pm EDT 

Kingstone Companies Inc announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the SEC) relating to the proposed public offering by the Company of $15,000,000 of its common stock. In addition, the Company intends to grant the underwriter a 30-day option to purchase up to an additional 15% of the number of shares offered to cover over-allotments, if any. The Company intends to use the net proceeds of the offering to contribute capital to its insurance subsidiary, Kingstone Insurance Company, to support growth, including possible product expansion; to repay indebtedness; and for general corporate purposes, which may include acquisitions. 

Company Quote

8.0
 +0.00%
16 Sep 2014