HCI Group Takes Strategic Steps to Better Position Company for Future Opportunities - Seite 2

HCI also announced today that it has filed a shelf registration statement on Form S-3 (the “Shelf Registration”). The Shelf Registration, which automatically became effective immediately on filing, replaces the company’s old universal shelf registration statement filed in September 2023 and permits the Company to offer and sell its common stock, preferred stock, debt securities, warrants, and stock purchase contracts and units, from time to time, subject to market conditions and our capital needs. The Shelf Registration will also enable Centerbridge to sell all or portion of the above-described amended and restated warrant or the shares issuable pursuant to the warrant.

As a part of the Shelf Registration, HCI also announced today the implementation of an “at-the-market” facility (the “ATM facility”) under which we would have the ability to raise up to $75 million through the issuance of new shares of common stock into the market if it were to so choose.

While the Company has no immediate plans to issue shares pursuant to the ATM facility or the Shelf Registration, which are intended to provide financial flexibility going forward, the use of proceeds of any such securities offered by the company will be described in detail in a prospectus supplement at the time of any such offering and which for the ATM facility are for working capital and other general corporate purposes, to the extent such shares are offered. Prospective investors, if we are to sell under the ATM facility, should read the company’s filings related to such offering and copies of the prospectus supplement and related prospectus may be obtained from Truist Securities, Inc., Attention: Prospectus Department, 303 Peachtree Street, Atlanta, GA 30308, telephone: [phone], or e-mail: [e-mail]. You may also obtain these documents free of charge by visiting EDGAR on the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offering may be made only by means of the prospectus included in the registration statement and one or more related prospectus supplements that may be used with respect to such offering.