Here are the S-1 registration statements from Conifer Holdings, Inc (CNFR) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An S-1 covers the registration statement a company files to sell shares publicly, so if you follow CNFR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CNFR filings page.
Presurance Holdings, Inc. plans a rights offering of up to 14,000,000 shares of common stock at $1.00 per share, distributed as non-transferable subscription rights to existing shareholders. Holders receive one right for each share owned on February 6, 2026, with each right allowing the purchase of 1.145 shares.
The rights offering is expected to raise approximately $14.0 million in gross proceeds, which the company intends to use primarily to repurchase or redeem all of its Series B Preferred Stock and for general corporate purposes, including debt reduction. The offer expires on February 24, 2026, and is fully backstopped by Clarkston Companies, Inc. and affiliates, which could increase their ownership and influence.
Presurance reports that its historical specialty commercial lines are in run-off, with continued exposure to loss reserve development and a preliminary expectation of up to $5.0 million in additional reserve strengthening for prior loss years at December 31, 2025. The company also highlights a $6.3 million contingent consideration from the CIS sale that may not be realized, and notes that failure to complete the rights offering could affect its ability to address $7.5 million of Series B Preferred Stock due December 31, 2026. Shareholders who do not fully participate face dilution, and the subscription price may be above future trading prices.
Presurance Holdings, Inc. is registering subscription rights that allow existing shareholders to buy up to 14,000,000 shares of common stock at a fixed price of $1.00 per share in a rights offering, targeting gross proceeds of $14 million.
Shareholders of record on a future 2026 record date will receive non-transferable rights at no charge and can choose whether or not to participate; unexercised rights will lapse and participants who do not fully subscribe will be diluted, as shares outstanding could rise from 12,222,881 to 26,222,881 if the offering is fully taken up.
The company plans to use net proceeds primarily to redeem all or part of its Series B Preferred Stock and for general corporate purposes, supported by a backstop agreement under which Clarkston Companies, Inc. and affiliates will purchase any unsubscribed shares at the same $1.00 price. Presurance, now focused on niche property and casualty insurance, highlights significant risks, including potential write-offs of $2.0–$4.4 million of reinsurance recoverables, possible additional reserve strengthening of up to $5.0 million for prior loss years, dependence on completing the rights offering to help repay $7.5 million of Series B Preferred Stock due December 31, 2026, and the chance that the $1.00 subscription price exceeds future market prices, given a recent Nasdaq Capital Market close of $0.65 per share.