Certain shareholders may offer and sell up to 2,222,215 shares of Heritage Insurance Holdings Inc.'s common stock from time to time.
BFG Intermediate LP and Quantum Strategic Partners Ltd., among others, were issued these shares in connection with the Heritage Insurance's acquisition of NBIC Holdings Inc., the parent company of Narragansett Bay Insurance Co.
The company will not receive any of the proceeds from the sale of shares. It will bear all expenses of the offering, except the selling shareholder will pay any applicable underwriting fees, discounts or commissions and certain transfer taxes.
