IPO - Bowhead Specialty Holdings Inc.

Form Type: S-3

Filing Date: 2025-06-06

Corporate Action: Ipo

Type: New

Accession Number: 000162828025030049

Filing Summary: On June 6, 2025, Bowhead Specialty Holdings Inc. filed a Form S-3 registration statement with the SEC, proposing to offer up to $300 million in various securities including common stock, preferred stock, depositary shares, debt securities, warrants, subscription rights, purchase contracts, and purchase units. The registration is part of a shelf registration process that allows the company to offer these securities from time to time after the effective date. Bowhead has noted their strategic partnership with American Family Mutual Insurance Company, which supports their business model in the specialty property and casualty insurance market. The company aims to generate consistent underwriting profits and has highlighted several risk factors related to their operations and market conditions. Furthermore, they provide insights on their corporate governance structure and emphasize the benefits of their partnership with AmFam for business operations, including underwriting risk management and capital deployment. The company is categorized as a smaller reporting company and emerging growth company, suggesting that they intend to leverage this status for regulatory advantages. The closing share price on the filing date was recorded at $36.02.