NI Holdings: Potential Upside From Anti-Dilution Provisions [Seeking Alpha]
NI Holdings, Inc. (NODK)
US:NASDAQ Investor Relations:
niholdingsinc.com
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Source: Seeking Alpha
NI Holdings: Potential Upside From Anti-Dilution Provisions NI Holdings - My Education In Insurance Company Demutualization By chance, I happened to come across a 2017 article, NI Holdings (NASDAQ: NODK Bet The Farm On This Crop Insurer prospectus History Of Mutual Organizations, Or Cooperatives, With An Emphasis On Mutual Insurance Companies My research led me back to " The History of the Tontine here CHAPTER 45-03-22 MUTUAL INSURANCE HOLDING COMPANY ACT RULES. This article, Demutualization Innovations A Summary Of The Method Of Allocation Of Shares In The NI Holdings IPO The intent was to demutualize 45% of Nodak Mutual Group Inc., but for it to remain the ultimate holding company ("UHC"). This involved offering an equal number of shares, in newly formed NI Holdings Inc., to each of the UHC's 27,915 policy holders. That would give each UHC policyholder an equal 322 shares, worth $2.47 per share, $796 in total. The $2.47 is based on 45% of NI Holdings pre IPO net assets of ~$153MM =
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Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/5/24 - Form 10-Q/A
- NODK's page on the SEC website