Company: SLDE
Filing Date: 2025-03-07
Form Type: DRSLTR
Source: 0000950123-25-003026
Chunk: 1

Company: Slide Insurance Holdings, Inc.
Filing Date: 2025-03-07
Form: DRSLTR
Chunk 1
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 to indicate that the acquisition of Pawtucket Insurance Company (“PIC”) closed on February 6, 2025. The equity exchange agreement governing the transaction between Slide Insurance Holdings, Inc., Heritage Insurance Holdings, Inc. and Narragansett Bay Insurance Company dated December 3, 2021 provided that Slide received all of the capital stock of PIC in exchange for 1,000,000 shares of Slide common stock and warrants to purchase additional shares of common stock of Slide (collectively, the “PIC Transaction”).

| CONFIDENTIAL |

To determine whether to include unaudited pro forma financial statements giving effect to the PIC Transaction and historical financial statements for PIC in the Registration Statement, we analyzed (i) whether such acquisition met the threshold to be considered a significant acquisition pursuant to Rule 3-05of Regulation S-Xand (ii) if such acquisition did not meet the threshold to be considered a significant acquisition pursuant to Rule 3-05of Regulation S-X,whether including pro forma information for the PIC Transaction would nonetheless be material or meaningful to investors. Based on our analysis below, we determined that we are not required to provide unaudited financial statements giving pro forma effect to the PIC Transaction or to include historical financial statements for PIC in the Registration Statement, nor would such information be material or meaningful to investors. The PIC Transaction does not meet the threshold to be considered a significant acquisition pursuant to Rule 1-02(w)of Regulation S-Xas none of the asset, investment, or income tests exceeded the 20% significance threshold. In particular, the acquired business was inactive at the time of the acquisition with no policies in force and the consideration represented less than 1% of the Company’s assets as of December 31, 2024. While PIC is licensed to underwrite insurance policies in the state of Rhode Island, it is currently inactive and has no policies in force or outstanding claims. Finally, notwithstanding the determination as to whether or not the PIC Transaction would be considered a significant acquisition, we considered whether the inclusion of unaudited pro forma financial statements giving effect to the PIC Transaction and historical financial statements for PIC in the Registration Statement would otherwise be meaningful to investors. Given the small size of the transaction (the total purchase price was less than 1% of the Company’s total assets as of December 31, 2024) and the nature of the acquisition (PIC is a shell insurance company with no active policies or outstanding claims and has not generated revenue for a number of years), we do not believe