SiriusPoint prices secondary offering of 4.1 million shares at $14 each

SiriusPoint has priced a registered secondary offering of 4,106,631 common shares at $14 per share, with entities associated with Daniel S. Loeb reducing their stake. The offering, managed by Jefferies, is expected to close on February 27, 2025, pending customary conditions.

As part of the transaction, SiriusPoint will repurchase and cancel 500,000 shares at the public offering price. Following completion, the Loeb Entities are expected to hold approximately 9.54% of SiriusPoint’s outstanding shares. The remaining shares will be subject to a 90-day lock-up agreement.