url=http://finance.yahoo.com/news/united-insurance-holdings-corp-announces-133000224.html]This press release published finance.yahoo.com.[/url] Insurance Holdings Corp declared that puts on the market of 750 000 recently issued usual stocks at the price of $5.15. United Insurance Holdings Corp expects to get cumulative net profit about of $3.7 million from sale of additional actions. This sum turns out after subtraction of the estimated expenses, guarantee discounts and the commissions. Closing of sales of additional actions will happen, most likely, on January 8, 2013. All this will allow to bring consolidated net proceeds of the company to $27.6 million.
The statement according to this offer was declared effective by the Commission on securities and the exchanges on December 10, 2012.
This company is founded in 1999, it conducts the work in South Carolina, Florida, Rhode Island and Massachusetts, and is licensed to write in North Carolina. The insurance of houseowners does a primary activity of this company.
This article has an informative character and doesn't urge to make immediately such acquisitions as the equity market is unstable and depends on many risk factors.