Westaim Announces Participation in Skyward Specialty Follow-On Offering
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The Westaim Corporation (“Westaim” or the “Company”) (TSXV: WED) today announces that Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) (“Skyward Specialty“) has commenced a follow-on offering (the “Offering”) of 2,150,000 of its common stock (the “Shares”). In addition, under the Offering, Westaim is offering 2,350,000 Shares and has granted the underwriters a 30-day option to purchase up to an additional 675,000 Shares.
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Skyward Specialty will not receive any of the proceeds from the sale of the Shares offered by Westaim, and Westaim will bear the underwriting discounts and commissions associated with the sale of such shares.
Barclays, Keefe, Bruyette & Woods, Inc., a Stifel Company, and Jefferies, are acting as joint lead book-running managers for the Offering. Piper Sandler, JMP Securities, a Citizens Company, Truist Securities, Raymond James, BMO Capital Markets and Wolfe | Nomura Alliance are acting as joint book-running managers for the Offering.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Shares in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Skyward Specialty
Skyward Specialty (NASDAQ: SKWD) is a rapidly growing and innovative specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis. Skyward Specialty operates through eight underwriting divisions — Accident & Health, Captives, Global Property & Agriculture, Industry Solutions, Professional Lines, Programs, Surety and Transactional E&S.
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Business Wire
2023-11-13 16:36:17
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