HCI Group plans to raise up to $150 million
May 18, 2020 - HCI Group (NYSE: HCI) plans to raise up to $150 million by selling stock or issuing debt. In a registration statement filed Friday with the U.S. Securities and Exchange Commission the company said it may offer and sell from time to time securities in one or more offerings in amounts, at prices and on terms determined at the time of the offering. It said it would describe how it used any money it raises in additional SEC filings. The filing came a few days after Paresh Patel, CEO, told analysts on a quarterly earnings call that the company might file a registration to be prepared to take advantage of potential acquisition opportunities that might arise. HCI is a a Tampa-based company with insurance, technology and real estate operations,