Orion180 Insurance Group Inc.

8-A12B effective

S-1/A amended

Range $15.00 to $17.00 · 20,000,000 shares

Orion180 Insurance Group Inc. is conducting an IPO to raise capital through the sale of 20,000,000 Class A common stock shares at an assumed price of $16.00 per share. The net proceeds will be used to repay $281.5M in indebtedness under the New Credit Facility, with potential additional use for general corporate purposes. The filing includes a dual-class stock structure reclassification (Class A/Class B) and details about dividend payments funded by debt, which reduced shareholders' equity to a $180M deficit. Dilution for new investors is highlighted, with pro forma as adjusted net tangible book value increasing from $(2.28) to $1.17 per share. The company plans to suspend cash dividends post-offering but retains discretion over future payouts.

S-1 filed

Orion180 Insurance Group Inc. is a technology-driven specialty insurance provider specializing in E&S homeowners insurance, private flood insurance, and ancillary products. The company operates through Services Companies (70% of revenue) and In-House Fronting Carriers (30% of revenue), leveraging its proprietary MY180 platform for data-driven underwriting and operational efficiency. Financially, the company reported strong growth in premiums written, net income, and adjusted EBITDA, with $354.4M in gross premiums written for the six months ended June 30, 2026, and $25.4M in consolidated adjusted EBITDA. The S-1 filing outlines an IPO with dilution risks for new investors and highlights its focus on innovation, partnerships, and capital-light operations.

DRS/A amended

DRS/A amended

DRS/A amended

Orion180 Insurance Group Inc. reported significant financial improvements in its Q1 2026 results, with Consolidated Adjusted EBITDA rising to $9.85 million (29.1% margin) compared to a loss of $0.385 million (negative margin) in Q1 2025. Annual Consolidated Adjusted EBITDA surged to $43.17 million (35% margin) from $8.23 million (9.2% margin) in 2024. The Services segment drove growth through fee-based revenue and higher margins, while the Underwriting segment faced challenges from litigation costs and premium fluctuations. Non-recurring expenses, including legal settlements and sponsorship fees, impacted results but were offset by revenue expansion from gross premiums and policy fees.

DRS filed