Orion180 Insurance Group Inc. Form 8-K — Sep 21, 2026
Orion180 Insurance Group Inc. completed its initial public offering on September 21, 2026, selling 20,000,000 shares of Class A common stock at $12.00 per share for gross proceeds of $240.0 million before underwriting discounts and commissions. The Class A shares trade on Nasdaq under the symbol OIG. In connection with the closing, founder Kenneth Gregg exchanged 59,935,260 Class A shares for an equal number of new Class B shares carrying ten votes each, cementing a dual-class structure that concentrates voting control with him.
Key figures
- Gross Proceeds
- 240000000
- Offering Price
- 12
- Shares Offered
- 20000000
- Gross Proceeds Note
- $240.0 million before deducting underwriting discounts and commissions
- Ipo Prospectus Date
- 2026-09-17
- Class AVotes Per Share
- 1
- Class BVotes Per Share
- 10
- Authorized Class AShares
- 400000000
- Authorized Class BShares
- 100000000
- Authorized Preferred Shares
- 50000000
- Demand Registrations On Form S1
- 2
- Charter And Bylaws Effective Date
- 2026-09-21
- Min Net Proceeds Threshold S1 Demand
- $10 million
- Min Net Proceeds Threshold S3 Demand
- $3 million
- Gregg Class AShares Exchanged For Class B
- 59935260
Price after filing
Close on the filing date to close N calendar days later (from $11.38). Historical, not a forecast.
AI analysis
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