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Actionable news in PN: PATRIOT NATIONAL Inc,

Patriot National Files for Secondary Offering

Patriot National Inc. (NYSE: PN) has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for a secondary offering. No terms were given in the filing, but it is valued up to $50 million. The underwriters for the offering are BMO Capital Markets and JPMorgan.

This is an independent national provider of comprehensive technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk, comply with complex regulations and save time and money. The company offers a full suite of end-to-end insurance-related and specialty services that allow its clients to improve efficiencies and reduce expenses through value-added processes.

The core of its value proposition includes the benefit...