SiriusPoint announces secondary offering of 4,106,631 shares at $14 by Daniel S. Loeb

From GlobeNewswire: 2025-02-25 20:52:55

SiriusPoint Ltd. announced a secondary offering of 4,106,631 common shares at $14.00 per share by entities associated with Daniel S. Loeb. The offering is expected to close on February 27, 2025. SiriusPoint will repurchase 500,000 shares and cancel them. After the offering, Loeb Entities will own about 9.54% of SiriusPoint’s common shares. The remaining shares will be subject to a 90-day lock-up agreement. Jefferies is the sole bookrunning manager for the offering. SiriusPoint is a global underwriter of insurance and reinsurance with offices in Bermuda, New York, London, and Stockholm, listed on NYSE under SPNT.



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