Brief: Hagerty Says Unit Entered Into Common Stock Purchase Agreement With Broad Arrow Group

Hagerty

10/01/2022 14:22

Jan 10 (Reuters) - Hagerty Inc  HGTY.N :
    * HAGERTY INC -  ON JAN 5, UNIT ENTERED INTO COMMON STOCK
PURCHASE
AGREEMENT WITH BROAD ARROW GROUP, INC.
    * HAGERTY INC - UNDER AGREEMENT, CO INVESTED $15.25 MILLION
IN
EXCHANGE FOR OWNERSHIP OF ABOUT 40% OF BROAD ARROW GROUP, INC.
    * HAGERTY INC - UNDER AGREEMENT, CO ENTERED INTO JV WITH
BROAD
ARROW GROUP, INC.
    * HAGERTY INC - TO APPOINT TWO OF SEVEN MEMBERS TO BOARD OF
BROAD
ARROW GROUP, INC.

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