The Tender Offer was oversubscribed. In accordance with the terms and conditions of the Tender Offer and based on the preliminary count by Odyssey Transfer and Trust Company, the Depositary for the Offer, the Company expects to accept for payment an aggregate 1,590,668 shares of the Company's common stock properly tendered and not properly withdrawn before the Expiration Time (excluding any shares tendered by notice of guaranteed delivery), at a purchase price of $9.43 per share, for an aggregate cost of approximately $15 million excluding fees and expenses relating to the Tender Offer. The Company expects to accept the shares on a pro rata basis. The shares expected to be purchased represent approximately 12% of the Company's common stock issued and outstanding as of February 2, 2026.
Ted Goldthorpe, Chief Executive Officer and Chairman of Mount Logan, said, "We are pleased to complete our tender offering as part of our previously disclosed liquidity programs. The strong level of participation reflects meaningful shareholder engagement and will allow us to reduce our shares outstanding by 12% in a disciplined and efficient manner. We believe this outcome supports long-term shareholder value by enhancing per-share metrics while maintaining our focus on thoughtful capital allocation. We remain confident in Mount Logan's strategy and the long-term opportunity to create value for our shareholders."
Ladenburg Thalmann & Co. Inc. served as the Dealer Manager for the Tender Offer. Alliance Advisors, LLC served as Information Agent for the Tender Offer. Odyssey Transfer and ...
