Sep 21, 4:39 PM ET
Orion180 Insurance Group completes $240.0 million IPO at $12.00 per share
On September 21, 2026, Orion180 Insurance Group Inc. completed its initial public offering of 20,000,000 Class A common shares at $12.00 per share, raising gross proceeds of $240.0 million before underwriting discounts and commissions. The company's amended and restated certificate of formation and bylaws took effect the same day, and five new directors were elected to the board effective September 17, 2026.
- Offering: 20,000,000 shares of common stock at $12.00 per share, with gross proceeds of $240.0 million before underwriting discounts and commissions
- Charter: authorized capital of 400,000,000 Class A shares, 100,000,000 Class B shares and 50,000,000 undesignated preferred shares, all with $0.001 par value
- Board: Kevin Bollinger, Samir Deshpande, Robert V. Deutsch, Lawrence E. McAlee and Kernan "Kip" Oberting elected effective September 17, 2026
- Agreements: Registration Rights Agreement and Exchange Agreement with Kenneth Gregg, plus indemnification agreements with directors and executive officers