Porch Group, Inc. (PRCH) Form 8-K — Oct 30, 2026
Porch Group entered a distribution agreement on October 30, 2026 with StoneX Financial establishing an at-the-market offering program for up to 15 million shares of PRCH common stock. Under the program, Porch Reciprocal Exchange may sell up to 10 million of the roughly 16.2 million shares it currently holds, converting holdings that are non-admitted assets under Texas insurance law into cash to strengthen its statutory surplus. The Company itself may issue and sell up to 5 million new shares for general corporate purposes; Porch receives no proceeds from the Reciprocal's sales. Sales are optional, made at market prices with a 1.5% commission to StoneX, and may be suspended at any time.
Key figures
- Shares Offered
- 15000000
- Company atm shares
- 5000000
- Reciprocal atm shares
- 10000000
- Reciprocal holdings shares
- 16200000
- Sales agent commission pct
- 1.5
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