Presurance Holdings (CNFR) Registration Filing summary

Company overview and business model

• Historically focused on specialty property and casualty insurance, with operations in commercial lines, personal lines, and agency business; recent divestitures shifted revenue model back to underwriting-based income.

• Currently writes a small amount of commercial business and specialty homeowners insurance in Texas, Illinois, and Indiana.

• Incorporated in Michigan in 2009, changed name to Presurance Holdings, Inc. in September 2025; trades on Nasdaq under PRHI.

Financial performance and metrics

• As of September 30, 2025, 12,222,881 shares of common stock were outstanding; up to 14,000,000 new shares may be issued in the rights offering.

• Pro forma net tangible book value per share after the rights offering would be $1.48, compared to $2.03 before the offering.

• Cash and cash equivalents projected to increase to $15.4 million post-offering, with total capitalization rising to $57.8 million.

• Series B Preferred Stock ($7.5 million) and Series C Preferred Stock ($8 million) issued to affiliates for working capital and general corporate purposes.

Use of proceeds and capital allocation

• Net proceeds from the rights offering (up to $14 million) will be used to redeem all or a portion of Series B Preferred Stock and for general corporate purposes.

• Backstop Purchasers have committed to purchase any unsubscribed shares, ensuring full capital raise.