Bowhead Specialty Holdings Inc. announced the launch of an underwritten secondary public offering of 2,000,000 shares of its common stock. The shares are being offered by GPC Partners Investments (SPV III) LP, a selling stockholder.
RBC Capital Markets, LLC is acting as the underwriter for this proposed secondary offering. The shares will be offered from time to time for sale in negotiated transactions or otherwise, at prevailing market prices.
The company will not sell any common stock in this offering and will not receive any of the proceeds from the sale. This offering by a significant shareholder may introduce additional selling pressure on the stock.
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