# EDGAR Filing Document

**Accession Number:** 0001840776
**File Stem:** 0001840776-25-000203
**Filing Date:** 2025-7
**Character Count:** 8146
**Document Hash:** 35aab596e99aaee0194d7c63bf039ea1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001840776-25-000203.hdr.sgml**: 20250718

**ACCESSION NUMBER**: 0001840776-25-000203

**CONFORMED SUBMISSION TYPE**: 424B7

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250718

**DATE AS OF CHANGE**: 20250718

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hagerty, Inc.
- **CENTRAL INDEX KEY:** 0001840776
- **STANDARD INDUSTRIAL CLASSIFICATION:** INSURANCE AGENTS BROKERS & SERVICES [6411]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 424B7
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-261810
- **FILM NUMBER:** 251135064

**BUSINESS ADDRESS:**
- **STREET 1:** 121 DRIVERS EDGE
- **CITY:** TRAVERSE CITY
- **STATE:** MI
- **ZIP:** 49684
- **BUSINESS PHONE:** 800-922-4050

**MAIL ADDRESS:**
- **STREET 1:** 121 DRIVERS EDGE
- **CITY:** TRAVERSE CITY
- **STATE:** MI
- **ZIP:** 49684

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Aldel Financial Inc.
- **DATE OF NAME CHANGE:** 20210115

**Filed Pursuant to Rule 424(b)(7)**

**Registration File No. 333-261810**

**PROSPECTUS SUPPLEMENT NO. 1**

**(To Prospectus dated February 7, 2023)**

![image_0a.jpg](image_0a.jpg)

**Hagerty, Inc.**

**Up to 251,033,906 Shares of Class A Common Stock Issuable Upon Exchange of Class V Common Stock and OpCo Units**

**Up to 20,005,550 Shares of Class A Common Stock Issuable Upon Exercise of Warrants**

**Up to 339,121,956 Shares of Class A Common Stock Offered by the Selling Securityholders**

**Up to 12,669,300 PIPE Warrants Offered by the Selling Securityholders**

**Up to 1,300,000 OTM Warrants Offered by the Selling Securityholders**

**Up to 257,500 Private Placement Warrants Offered by the Selling Securityholders**

**Up to 28,750 Underwriter Warrants Offered by the Selling Securityholders**

<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

The following information amends and supplements information contained in the prospectus, dated February 7, 2023 (the "Prospectus"). This Prospectus Supplement No. 1 should be read in conjunction with the Prospectus, and is qualified by reference to the Prospectus, except to the extent that information that is presented herein supersedes the information contained in the Prospectus. This Prospectus Supplement No. 1 is not complete without, and may only be delivered or utilized in connection with, the Prospectus, including any amendments or supplements thereto.

**Investing in our Class A Common Stock involves a high degree of risk. See "Risk Factors" beginning on page 4 of the Prospectus to read about factors you should consider before buying shares of our Class A Common Stock.**

**Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus supplement. Any representation to the contrary is a criminal offense.**

<u>&nbsp;&nbsp;&nbsp;&nbsp;</u>

The date of this prospectus supplement is July 18, 2025.

1621297188.1 ------

**ABOUT THIS PROSPECTUS SUPPLEMENT**

This Prospectus Supplement No. 1 is being filed to amend and supplement information that appears under the caption "Selling Securityholders" in the Prospectus. Capitalized terms that are not defined in this Prospectus Supplement No. 1 are defined in the Prospectus.

**SELLING SECURITYHOLDERS**

The following information is being provided in connection with the transfer of securities from Aldel Investors LLC to Aldel LLC, each previously identified as Selling Securityholders in the Prospectus. As a result of the transfer, the Selling Securityholders table in the Prospectus is being updated to (i) remove Aldel Investors LLC as a Selling Securityholder, and (ii) update Aldel LLC's holdings of Class A Common Stock as of the date of this Prospectus Supplement No. 1.

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Before the Offering** | **Offered Hereby** | **After the Offering** | **After the Offering** |
| &nbsp;&nbsp;&nbsp;**Name of the Selling Security holder** | **Class A Common Stock** | **Class A Common Stock** | **Class A Common Stock** | **Percentage** |
| &nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;Aldel LLC<sup>(1)</sup> | 2325071 | 2325071 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;(1)Consists of (a) 2,143,571 shares of Class A Common Stock issued upon conversion of Founder Shares and received in a distribution-in-kind by Aldel LLC from Aldel Capital LLC (following a pro rata distribution-in-kind by Aldel Investors LLC to its members, including Aldel Capital LLC) and (b) 181,500 shares of Class A Common Stock received by Aldel LLC in exchange for Warrants held by Aldel Capital LLC (following a distribution-in-kind by Aldel Investors LLC). Robert I. Kauffman is the managing member of Aldel LLC and has voting and investment power over the shares of Class A Common Stock held by Aldel LLC. Aldel LLC's business address is 5527 Lakeview Road, Charlotte, NC 28269. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;(1)Consists of (a) 2,143,571 shares of Class A Common Stock issued upon conversion of Founder Shares and received in a distribution-in-kind by Aldel LLC from Aldel Capital LLC (following a pro rata distribution-in-kind by Aldel Investors LLC to its members, including Aldel Capital LLC) and (b) 181,500 shares of Class A Common Stock received by Aldel LLC in exchange for Warrants held by Aldel Capital LLC (following a distribution-in-kind by Aldel Investors LLC). Robert I. Kauffman is the managing member of Aldel LLC and has voting and investment power over the shares of Class A Common Stock held by Aldel LLC. Aldel LLC's business address is 5527 Lakeview Road, Charlotte, NC 28269. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;(1)Consists of (a) 2,143,571 shares of Class A Common Stock issued upon conversion of Founder Shares and received in a distribution-in-kind by Aldel LLC from Aldel Capital LLC (following a pro rata distribution-in-kind by Aldel Investors LLC to its members, including Aldel Capital LLC) and (b) 181,500 shares of Class A Common Stock received by Aldel LLC in exchange for Warrants held by Aldel Capital LLC (following a distribution-in-kind by Aldel Investors LLC). Robert I. Kauffman is the managing member of Aldel LLC and has voting and investment power over the shares of Class A Common Stock held by Aldel LLC. Aldel LLC's business address is 5527 Lakeview Road, Charlotte, NC 28269. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;(1)Consists of (a) 2,143,571 shares of Class A Common Stock issued upon conversion of Founder Shares and received in a distribution-in-kind by Aldel LLC from Aldel Capital LLC (following a pro rata distribution-in-kind by Aldel Investors LLC to its members, including Aldel Capital LLC) and (b) 181,500 shares of Class A Common Stock received by Aldel LLC in exchange for Warrants held by Aldel Capital LLC (following a distribution-in-kind by Aldel Investors LLC). Robert I. Kauffman is the managing member of Aldel LLC and has voting and investment power over the shares of Class A Common Stock held by Aldel LLC. Aldel LLC's business address is 5527 Lakeview Road, Charlotte, NC 28269. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>&nbsp;&nbsp;&nbsp;&nbsp;(1)Consists of (a) 2,143,571 shares of Class A Common Stock issued upon conversion of Founder Shares and received in a distribution-in-kind by Aldel LLC from Aldel Capital LLC (following a pro rata distribution-in-kind by Aldel Investors LLC to its members, including Aldel Capital LLC) and (b) 181,500 shares of Class A Common Stock received by Aldel LLC in exchange for Warrants held by Aldel Capital LLC (following a distribution-in-kind by Aldel Investors LLC). Robert I. Kauffman is the managing member of Aldel LLC and has voting and investment power over the shares of Class A Common Stock held by Aldel LLC. Aldel LLC's business address is 5527 Lakeview Road, Charlotte, NC 28269. |

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