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Hagerty

Closed (deSPAC)

Financials · specialty vehicle insurance and enthusiast marketplace

What it is
Inc
What it’s doing now
Merging with Aldel Financial Inc. (ADF) — closed (despac).
What you should know
Data is still being assembled for this company — what is shown below is everything we have verified so far.

The business, per its filings

SEC primary

Inc. (NYSE: HGTY) Based in Traverse City, Michigan, Hagerty's purpose is to save driving and car culture for future generations and its mission is to build a global business to fund that purpose. Hagerty is an automotive enthusiast brand offering integrated membership products and programs as well as a specialty insurance provider focused on the global automotive enthusiast market. Hagerty is home to Hagerty Drivers Club, DriveShare, Hagerty Valuation Tools, Hagerty Media, Hagerty Drivers Club magazine, MotorsportReg, Hagerty Garage + Social, The Amelia, the Concours d'Elegance of America, the Greenwich Concours d'Elegance, the California Mille, Motorlux, Broad Arrow Group, the Hagerty Drivers Foundation and more. For more information on Hagerty, please visit www.hagerty.com , or connect with us on Facebook, Instagram and Twitter. For more information, visit newsroom.hagerty.com.

Source: 8-K, accession 0001840776-26-000028

What the company says about itself

Web research — not audited

Hagerty provides insurance for classic and enthusiast cars, roadside services through the Hagerty Drivers Club, an online marketplace to auction and sell cars, and media content including news, advice, videos, and events for car enthusiasts.

Markets:
Insurance | Auctions | Media
Products:
Hagerty Drivers Club | Hagerty Originals | Marketplace
What our web check found

[WEB-INTEL 2026-08-26] 3 finding(s) · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "The transaction is expected to deliver up to $820 million of gross proceeds to the combined company, including the contribution of up to $116" [https://www.prnewswire.com/news-releases/hagerty-and-aldel-financial-announce-merger-agreement-for-hagerty-to-become-a-publicly-traded-company-301357609.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Hagerty's SPAC merger with Aldel included a $704 million fully committed PIPE led by strategic investors State Farm and Markel Corporation" [https://newsroom.hagerty.com/press/hagerty-debuts-today-as-a-publicly-traded-company-on-the-new-york-stock-exchange-after-completing-business-combination-with-aldel-financial/] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "In December 2021, Hagerty went public by merging with Aldel Financial, a SPAC, under the symbol HGTY.[25][26] The merger deal was valued at $3.13 billion." [https://en.wikipedia.org/wiki/Hagerty_(insurance)]

Source: https://www.hagerty.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

Hagerty is merging with Aldel Financial Inc. (ADF) currently marked Closed (deSPAC).

Headline equity value—
PIPE≈ $704M · unsourced

Structure per SEC accession(s) 0001104659-21-136900. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is Hagerty going public?

Hagerty has an approved merger with the SPAC Aldel Financial Inc. (ADF). Deal status: Closed (deSPAC).

Does Hagerty have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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