Bowhead Specialty Completes Secondary Offering, Raises $61.3 Million

Bowhead Specialty Holdings Inc. completed a registered public secondary offering of 2,000,000 shares of common stock, resulting in gross proceeds of approximately $61.3 million for the selling stockholder. The company did not receive any proceeds from this transaction. The most recent analyst rating on BOW stock is a Buy with a $32.00 price target.

Bowhead Specialty Holdings Inc. (NYSE: BOW) completed a registered public secondary offering of 2,000,000 shares of common stock, resulting in gross proceeds of approximately $61.3 million for the selling stockholder. The company did not receive any proceeds from this transaction. The most recent analyst rating on BOW stock is a Buy with a $32.00 price target.

The offering, underwritten by RBC Capital Markets, LLC, was launched on August 6, 2025, and consists entirely of shares being sold by GPC Partners Investments (SPV III) LP. Bowhead Specialty itself is not selling any shares in the transaction and will not receive any proceeds from the sale. The underwriter will offer the shares through various channels, including negotiated transactions or open market sales, at prevailing market prices or negotiated rates.

About Bowhead Specialty Holdings Inc.
Bowhead Specialty is a growing specialty insurance business providing casualty, professional liability, and healthcare liability insurance products. Founded and led by industry veteran Stephen Sills, the company focuses on providing "craft" solutions in its specialty lines and classes of business that require deep underwriting and claims expertise. The team is composed of highly experienced and respected industry veterans with decades of individual, successful underwriting and management experience.

The secondary offering represents a divestiture by an existing shareholder rather than a capital-raising effort by the company itself. According to the announcement, the offering will be made only by means of a prospectus and a related prospectus supplement relating to the offering, copies of which may be obtained from RBC Capital Markets, LLC.

Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical facts contained in the press release are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. These risks include those described under the caption "Risk Factors" in the Company's registration statement on Form S-3, as it may be amended from time to time, described under the heading “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 and in the Company’s other reports filed from time to time with the SEC. Forward-looking statements speak only as of the date of this press release and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events or otherwise.

References:
1. [1] https://www.businesswire.com/news/home/20250806054054/en/Bowhead-Specialty-Announces-Secondary-Offering-of-Common-Stock
2. [2] https://za.investing.com/news/stock-market-news/bowhead-specialty-stock-falls-after-secondary-offering-announcement-93CH-3826603
3. [3] https://finance.yahoo.com/news/bowhead-specialty-announces-secondary-offering-202800390.html