BATON ROUGE, La., Mar 31, 2014 (Company WIRE) — 1347 Property Insurance coverage Holdings, Inc. /estimates/zigman/27391072/delayed/quotes/nls/pih PIH .00% (“PIH” or “the Company”), a home and casualty insurance coverage holding company providing house owners and dwelling insurance coverage to individuals in Louisiana through its wholly-owned subsidiary Maison Insurance Organization, announced these days the pricing of its original public offering of 1,887,500 shares of its typical stock at a value to the public of $ 700 per share. PIH has granted the representative of the underwriters a 45-day selection to obtain up to 283,125 added shares of typical stock to cover over-allotments, if any.
Shares of PIH frequent stock are anticipated to trade on The NASDAQ Capital Market place below the symbol “PIH” starting on or about April 1st, 2014. The closing of the giving is expected on or about April 4th, 2014 topic to customary closing conditions.
Aegis Capital Corp. is acting as sole guide-working manager for the offering.
EarlyBirdCapital, Inc. is acting as a co-manager for the providing.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on March 31st, 2014.
This providing is getting produced only by indicates of a prospectus. Copies of the prospectus relating to this giving may be obtained by contacting Aegis Capital Corp., Prospectus Division, 810 6th Avenue, 18th Floor, New York, NY 10019, telephone: 212-813-1010, e-mail: firstname.lastname@example.org .
This press release shall not constitute an provide to sell or the solicitation of an offer you to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer you, solicitation, or sale would be unlawful prior to registration or qualification beneath the securities laws of any this kind of state or jurisdiction.
Cautionary Statement Regarding Forward Seeking Statements
This press release includes forward-looking statements. This kind of forward-looking statements reflect PIH’s expectations about its potential operating results, performance and possibilities that involve considerable dangers and uncertainties. These statements incorporate but are not constrained to statements regarding the meant terms of the supplying and the closing of the giving. When used herein, the phrases “anticipate,” “think,” “estimate,” “upcoming,” “plan,” “target”, “intend” and “count on” and equivalent expressions, as they relate to PIH or its management, are intended to identify such forward-hunting statements. These forward-searching statements are based mostly on information currently available to PIH and are topic to a variety of dangers, uncertainties, and other aspects that could result in PIH real final results, efficiency, prospects, and options to differ materially from these expressed in, or implied by, these forward-hunting statements.
About 1347 Property Insurance Holdings, Inc.
1347 Home Insurance Holdings, Inc. is a residence and casualty insurance coverage holding firm incorporated in Delaware. In December 2012, the Firm began offering house and casualty insurance coverage to individuals in Louisiana by way of its wholly-owned subsidiary Maison Insurance coverage Company. The Company’s insurance coverage offerings currently incorporate homeowners’ insurance, produced house insurance coverage and dwelling fire insurance.
Added information about 1347 Property Insurance Holding, Inc. can be discovered at the Company’s corporate website: www.1347pih.com .
Source: 1347 Residence Insurance Holdings, Inc.
1347 Property Insurance coverage Holdings, Inc.Douglas N. RaucyChief Executive Officer(225) 361-8747 / email@example.com orINVESTOR RELATIONS:The Equity Group Inc.Adam PriorSenior Vice President(212) 836-9606 / firstname.lastname@example.org orCarolyne Y. SohnSenior Associate(415) 568-2255 email@example.com
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