Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 1

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 1
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 of Purchaser (“Merger Sub”) to be incorporated in Delaware following the date of the Merger Agreement and prior to the closing of the merger will, upon its formation, execute a joinder to the Merger Agreement and thereby become a party thereto. Pursuant to the Merger Agreement, Merger Sub will be merged with and into Fortegra, the separate corporate existence of Merger Sub will cease and Fortegra will continue as the surviving corporation and a wholly-owned subsidiary of Purchaser (the “Merger”). At the special meeting, you will be asked to consider and vote upon a proposal to approve the Merger and the other transactions contemplated by the Merger Agreement (the “Merger Proposal”).

At the time at which the Merger will become effective (the “Effective Time”), by virtue of the Merger and without any action on the part of the holder thereof, (i) each share of common stock, par value $0.01 per share, of Fortegra (“Fortegra common stock”) issued and outstanding immediately prior to the Effective Time (other than shares of Fortegra common stock that are held by (A) any holder of shares of Fortegra common stock who is entitled to demand and properly demands appraisal of such shares pursuant to, and who complies in all respects with, the provisions of Section 262 of the General Corporation Law of the State of Delaware or (B) Fortegra, any of its subsidiaries or Merger Sub, if any, which in each case will be cancelled) will be converted into and thereafter evidence the right to receive, without interest, an amount in cash equal to (A) the Per Share Closing Merger Consideration (as defined in this proxy statement) plus (B) the applicable Pro Rata Percentage (as defined in the Merger Agreement) of the Leakage Delayed Consideration (as defined in this proxy statement) (if any), which in the case of a holder of Fortegra common stock other than Tiptree or WP Falcon Aggregator, L.P., will be reduced by such holder’s Pro Rata Percentage of the Equityholders’ Representative Expense Amount (as defined in this proxy statement), and (ii) each share of preferred stock, par value $0.01 per share, designated as Series A Preferred Stock under that certain Certificate of Designation of Series A Preferred Stock of Fortegra, dated June 21, 2022, issued and outstanding immediately prior to the Effective Time will be converted into and thereafter evidence the right to receive in cash the Series