07:11 AM EDT, 05/07/2024 (MT Newswires) -- Skyward Specialty Insurance ( SKWD ) said Monday that it priced its secondary offering of 4.4 million shares by The Westaim Corporation subsidiary, Westaim HIIG GP Inc., at $36.50.

The selling stockholder has also granted the underwriters a 30-day option to buy up to an additional 660,000 shares of Skyward Specialty's common stock.

The company said it will not receive any of the proceeds from the sale of the shares of its common stock offered by the selling stockholder.

Price: 37.50, Change: -0.10, Percent Change: -0.27