Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 11

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 11
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 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 (as defined in this proxy statement) and assuming a closing date for the transactions contemplated by the Merger Agreement (the “closing date”) prior to June 1, 2026, and estimated book value of approximately $950 million, 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 a certificate of merger that effectuates the transactions contemplated by the Merger Agreement (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 (Page**

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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 common stock, par value $0.01 per share, of Fortegra (“Fortegra common stock”) or its warrants to purchase shares of Fortegra common stock (the “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 $49,500,000 (the “termination fee”) and Tiptree may be required to pay Purchaser $8,250,000 (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.”

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#### TABLE OF CONTENTS

#### The Merger Consideration (Page38)
At the Effective Time, by virtue of the Merger and without any action