Old Republic to acquire ECM Group after mutual-to-stock conversion; $24.7M subscription at $25.8025/share

Old Republic received approximately $24,667,369 in subscriptions and will acquire the ECM Group upon ECM's conversion and filing, delivering up to 955,903 shares.Key Highlights:Original SEC Filing: OLD REPUBLIC INTERNATIONAL CORP [ ORI ] - 8-K - Jun. 30, 2026This is an AI-powered summary. It may co…

Old Republic received approximately $24,667,369 in subscriptions and will acquire the ECM Group upon ECM's conversion and filing, delivering up to 955,903 shares.

Key Highlights:

Members approved Everett Cash Mutual's conversion to stock company ECM Insurance Company and its acquisition by Old Republic.
Old Republic completed a subscription offering to ECM members, employees and directors, receiving ~$24.67M.
Shares sold at $25.8025 each, a 35.00% discount to the 10-day VWAP of $39.6961 ending June 29, 2026.
Upon filing ECM’s amended charter with Pennsylvania on July 1, 2026, Old Republic will deliver up to 955,903 shares and close the acquisition.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.