Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 75

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 75
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 DGCL, Merger Sub will be merged with and into Fortegra, the separate existence of Merger Sub will cease and Fortegra will continue as the surviving corporation. As a result of the Merger, the surviving corporation will become a wholly-owned subsidiary of Purchaser. If the Merger is completed, Tiptree will not own any shares of the surviving corporation. Tiptree estimates that Tiptree will receive total gross proceeds of approximately $1.12 billion in cash upon consummation of the Merger, subject to adjustments for Leakage and assuming a closing date for the transactions contemplated by the Merger Agreement (the “closing date”) prior to June 1, 2026, having an estimated book value of approximately $930 million as of September 30, 2025, net of estimated transaction-related taxes and expenses.

Upon the terms and subject to the conditions of the Merger Agreement, the parties to the Merger Agreement will deliver at the closing to the Secretary of State of the State of Delaware the Certificate of Merger and will make all other filings or recordings as may be required under the DGCL and any other applicable law in order to effect the Merger. The Merger will become effective at the time of filing the Certificate of Merger with the Secretary of State of the State of Delaware in accordance with the DGCL.

#### Effect on Tiptree if the Merger is Not Completed
If the Merger is not approved by Tiptree stockholders, or if the Merger is not completed for any other reason, Tiptree will not receive any payment for its shares of Fortegra common stock or its Fortegra warrants in connection with the Merger, and Tiptree will continue to hold its shares of Fortegra common stock and its Fortegra warrants.

Under specified circumstances, Tiptree or Fortegra may be required to pay Purchaser the termination fee or the Stockholder Vote Failure Fee upon the termination of the Merger Agreement, as described under “The Merger Agreement—Termination of the Merger Agreement—Termination Fee.”

Furthermore, if the Merger is not consummated, and depending on the circumstances that would have caused the Merger not to be consummated, it is likely that the price of shares of Tiptree common stock will decline, potentially significantly. If that were to occur, it is uncertain when, if ever, the price of shares of Tiptree common stock would return to the price at which they trade as of the date of this proxy statement