FedNat Holding Co. has filed a shelf registration statement related to the sale of up to $150 million of certain securities from time to time.
The filing covers the sale of common stock, preferred stock, debt securities, warrants and units.
FedNat Holding may use the net proceeds from the sale of the securities for any combination of capital expenditures, investment in strategic opportunities, working capital, repayment of debts and other general corporate purposes. The company may also use the proceeds to make short-term investments or reduce borrowings.
The company on May 31 changed its name to FedNat Holding Co. from Federated National Holding Co.
