Hagerty goes public today

Starting today, December 3, shares of Hagerty–both common stock and warrants–will be publicly traded on the New York Stock Exchange. Just look for ticker symbols HGTY and HGTY.WS.

This follows Hagerty’s “business combination” with Aldel Financial Inc., a special purpose acquisition company.

Being listed on the NYSE marks the start of an exciting new chapter in Hagerty’s history,” explains Hagerty CEO McKeel Hagerty. “We are confident that we have sufficient capital to advance our strategy, which remains focused on investing in the Company’s digital user experience to support and accelerate growth in our membership base, while expanding our portfolio of engaging and exciting car-focused events and services. We believe this strategy will create rewarding new experiences for car lovers and sustainable value for our shareholders over the long term.”


Hagerty executives are set to ring the NYSE opening bell this Monday, December 6.

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Comments
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CrustyRedXpress (Forum Supporter)
CrustyRedXpress (Forum Supporter) New Reader
12/3/21 5:04 p.m.

What a great conversation. Going public via a SPAC merger while maintining control of the company via special shares is very 2021. I had been seeing their name more and more (BAT, then the MSR) but didn't know it was a family company with a fairly short history.

Tim Suddard
Tim Suddard Publisher
12/8/21 8:02 a.m.

I think this will be a good investment. They have some big plans and have been growing rapidly and are definitely supporting our world.

 

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