FedNat falls short of equity issuance target with net $15.2mn
FedNat Holding Company has raised net proceeds of $15.2mn from an underwritten public offering of 3.5 million shares, the company said on Friday, around a third of the amount it said it was looking for last week.
The shares were sold at a price of $4.75 per share, a 16.4% discount on the price at the end of Thursday of $5.68.
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