SelectQuote ( (SLQT) ) has shared an announcement.
On February 28, 2025, SelectQuote, Inc. completed the sale of 350,000 shares of Senior Non-Convertible Preferred Stock and 30,833,333 warrants to purchase common stock to NL Monarch Holdings LLC and NL Monarch Holdings II LLC, marking a significant $350 million investment. This transaction is expected to impact SelectQuote’s financial structure and operations, with implications for stakeholders, including changes in board composition and potential adjustments in dividend rates based on company liquidity and financial performance.
More about SelectQuote
SelectQuote, Inc. operates in the financial services industry, specializing in providing insurance solutions. The company focuses on offering a range of insurance products, including life, auto, and home insurance, primarily targeting individual consumers.
YTD Price Performance: 19.64%
Average Trading Volume: 1,830,945
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $797M
See more insights into SLQT stock on TipRanks’ Stock Analysis page.