Company: SLDE
Filing Date: 2025-05-23
Form Type: S-1
Source: 0001193125-25-125836
Chunk: 130

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-05-23
Form: S-1
Chunk 130
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sold, an aggregate of 2,039,594 shares were purchased by our directors, executive officers, and their respective affiliates. The price per share was established to achieve the desired capital in the formation of our Company.

From December 2022 to February 2023, we issued and sold an aggregate of 1,466,920 shares of our Series A preferred stock at a price of $13.64
per share to a group of accredited investors for an aggregate purchase price of $20.0 million. Of the 1,466,920 shares sold, an aggregate of 58,868 shares were purchased by our directors, executive officers, and their respective affiliates.

On September 27, 2024, all of our warrants to purchase shares of our Series A preferred stock were exercised and, as a result, there
are no warrants to purchase shares of our Series A preferred stock outstanding.

In March 2021, we issued and sold 1,000 shares of common
stock to certain of our founders at a price of $1.00 per share for an aggregate purchase price of $1,000. Of the 1,000 shares sold, an aggregate of 870 shares were purchased by our directors, executive officers, and their respective affiliates. In
September 2021, we approved and effected a 1 for 10,000 stock split of the Company’s issued and outstanding common stock.

Credit Facility

On June 25, 2024, we entered into an amended and restated credit agreement with Regions Bank for a $10.0 million revolving credit
facility, which was increased to $45.0 million pursuant to the accordian feature on March 20, 2025, a term loan in an aggregate principal amount of $40.0 million and one or more delayed draw term loans in an aggregate principal amount not
to exceed $125.0 million (together, the “Credit Facility”). The Credit Facility contains covenants that, among other things, restrict our ability to make certain restricted payments, incur additional debt, engage in certain asset sales,
mergers, acquisitions or similar transactions, create liens on assets, engage in certain transactions with affiliates, change our business or make investments and require us to comply with certain financial covenants. Pursuant to the terms of the
Credit Facility, we may from time to time establish one or more additional term loans subject to certain conditions precedent contained therein. The Credit Facility is guaranteed by certain of our subsidiaries and is secured by certain