Westaim Announces Participation in Secondary Offering of Skyward Specialty's Common Stock

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Jun 05, 2023

The Westaim Corporation (“Westaim” or the “Company”) (TSXV: WED) today announces that it is selling 3,850,000 shares of common stock (the “Shares”) of Skyward Specialty Insurance Group, Inc.TM (NASDAQ: SKWD) (“Skyward Specialty”), in an underwritten secondary public offering (the “Offering”). In addition to Westaim, certain other stockholders of Skyward Specialty (collectively with Westaim, the “Selling Stockholders”) have also granted the underwriters a 30-day option to purchase up to an additional 577,500 Shares (the “Option”). In the event the Option is fully exercised, Westaim would sell an additional 137,500 Shares.