Porch Group Files Prospectus Registering 16,220,158 Shares For Resale By Porch Reciprocal Exchange; Company Receives No Proceeds
Benzinga Newsdesk 1 day ago
OfferingsNews
Porch Group, Inc.Securities Offered by the Reciprocal StockholderUp to 16,220,158 Shares of Common StockSecurities Offered by the CompanyCommon StockPreferred StockDebt SecuritiesDepositary SharesWarrantsRightsPurchase
Porch Group, Inc.
Securities Offered by the Reciprocal Stockholder
Up to 16,220,158 Shares of Common Stock
Securities Offered by the Company
Common Stock
Preferred Stock
Debt Securities
Depositary Shares
Warrants
Rights
Purchase Contracts
Units
The reciprocal stockholder may offer and sell up to 16,220,158 shares of common stock, and we may offer and sell the securities identified above, from time to time in one or more offerings. This prospectus provides you with a general description of the securities.
This prospectus relates to the resale or other disposition of up to an aggregate of 16,220,158 shares of our common stock held by the reciprocal stockholder, Porch Reciprocal Exchange, a Texas unincorporated reciprocal inter-insurance exchange managed and operated, but not owned, by a wholly owned subsidiary of Porch Group, Inc. as the attorney-in-fact, as more fully described in the section entitled "Selling Stockholders." We will not receive any proceeds from the sale of our common stock by the reciprocal stockholder.