Heritage Insurance Holdings, Inc. announced a private placement of 136,240 common shares at an issue price of $7.34 per share for the gross proceeds of $1,000,001.6 on December 18, 2023. The transaction will include participation from returning investor Raymond T. Hyer and new individual investors Ernie Garateix for 27,247 shares for $200,000 and Paul L. Whiting for 40,871 shares for $300,000. The sale of shares of common stock in the Private Placement was made in reliance on an exemption from the registration requirements under Section 4(a)(2) of the Securities Act of 1933, as amended.

The sale of common stock in the concurrent private placement will not be registered as part of this offering, though it will be consummated simultaneously with, and subject to, the closing of this offering. This offering is not contingent upon the completion of the concurrent private placement. The shares of common stock purchased in the concurrent private placement will not be subject to any underwriting discounts or commissions.